December 4, 2019 / 10:47 AM / 5 days ago

Rameda Pharmaceutical EGX share placement covered 1.17 times

CAIRO, Dec 4 (Reuters) - A private share placement by Egypt’s Rameda Pharmaceutical on the Egyptian stock exchange was covered 1.17 times, the company said in a statement on Wednesday.

Rameda had offered 49% of its shares on the exchange in two tranches. A 5% stake was being sold to small investors in a public offering, with the remainder offered to private investors. (Reporting by Ehab Farouk Writing by Aidan Lewis Editing by Patrick Werr)

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