The public offering of Ghazl El Mahalla FC on the Egyptian Bourse will begin on Sunday, 12 June and last until Friday, 1 July, according to a press release.
The club has set its share price at EGP 1.02, and investors buying in must purchase between 1k and 2 mn shares each.
Ghazl El Mahalla wants to raise EGP 135 mn in the sale: The club hopes to raise EGP 98 mn from the retail offering, after having already received EGP 37 mn from institutional investors in the private placement back in November.
Refresher: Ghazl El Mahalla is offering a 67.5% stake on the EGX, marking the first time a football club is publicly traded in the Arab world. The sale is small, but could pave the way to more clubs going public. Football giant Al Ahly has also expressed interest in listing on the EGX.
