Gourmia Egypt's Public Offering Attracts Strong Investor Interest

The Egyptian Stock Exchange reported today that the public offering of Gourmia Egypt was oversubscribed by approximately 55.78 times, marking the end of the order registration period.

The exchange noted that total initial purchase orders in the company’s private transactions market reached about 2.12 billion shares, indicating robust demand from investors.

Earlier, the company disclosed that the private subscription was covered approximately 12.22 times, with the final offering price established at 6.90 EGP per share.

Gourmia Egypt previously announced plans to offer 47.6% of its shares on the Egyptian Stock Exchange, equating to around 190.5 million shares, which includes 152.4 million shares for private subscription and 38.1 million shares for public subscription.