Arab Finance: Catalyst Partners Middle East – an SPAC affiliated with impact investment firm Catalyst Partners Consulting – announced its initial public offering on the Egyptian Stock Exchange yesterday, according to For a statement A journalist issued by the company.
The company offered one million shares with a nominal value of 10 pounds per share, bringing the total issued capital to 10 million pounds.
The company intends to increase its capital to 235 million pounds by offering 22.5 million shares with a nominal value of 10 pounds per share, through a private offering on the stock exchange, according to what Maged Shawky, Chairman of the Board of Directors, said.
The company with the purpose of acquisition is currently studying the acquisition of six to ten companies, including two companies active in the fields of financial technology and non-banking financial services that are currently primed for acquisition, according to what Shawqi said in press statements yesterday, adding that his company aims to acquire at least one of the two companies before the end of the year. Current year.
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