Cairo – Mubasher: The Egyptian Exchange (EGX) announced the execution of transactions on the shares of Taaleem Management Services through the price stabilisation mechanism at a value of EGP 44.188 million.
The transactions involved 7.685 million shares at the initial public offering (IPO) price of EGP 5.75 per share, the EGX said in a statement on Tuesday.
During the six-month period ended 28 February, the higher education platform achieved net profits of EGP 129.6 million, compared to EGP 110.28 million in the prior-year period.
In April, the EGX announced the listing of the shares of Taaleem Management Services at a share price of EGP 5.75 at the opening.
