National Printing announces the offer price for the public offering of ordinary shares on the Egyptian Stock Exchange (EGX)
National Printing S.A.E. (“National Printing” or the “Company” or the “Group”), Egypt’s leading integrated printing and packaging platform, announced today the pricing of the initial public offering of 21,171,040 shares at a price of EGP 21.25 per share (the “Offer Price”) noting that the fair value per share as per the independent financial advisor report is EGP 28.27 per share
The Offering is expected to consist of a secondary sale of up to 21,171,040 existing ordinary shares, representing approximately 10.0% of the Company’s issued share capital, by National Printing International Holding S.A.L., Grandview Investment Holdings Corp and other minority shareholders (the “Selling Shareholders”)
The offering will include (i) a private tranche amounting to 10,585,520 shares which is fully committed by and allocated to Mr. Omran Mohammed AlOmran a leading Saudi Arabian entrepreneur and investor as an anchor investor (“Cornerstone Investor”) in the IPO (“Private Tranche”) and (ii) a public tranche amounting to 10,585,520 shares open for public subscription (“Public Tranche”) (collectively the “Combined Offering”)
Both the Private Tranche and Public Tranche will be offered at a unified price per share being the Offer Price
Subscriptions for the Public Tranche will open for investors on Sunday, the 27th of July and will close on Thursday, 31st of July. Trading on the EGX is subject to the EGX’s permission once allocations meet the requirements published in the Public Subscription Notice (“PSN”) for the Combined Offering
National Printing’s shares have been listed on the EGX under the symbol NAPR.CA
EFG Hermes Promoting & Underwriting S.A.E. is sole global coordinator for the Combined Offering. Zulficar and Partners is serving as local counsel to the Issuer
Commenting on the Offering, the Company’s Managing Director, Sherif El Moallem, said: “Since establishing National Printing in 2006, we have always been committed to evolving the company into Egypt’s leading integrated printing and packaging company, combining deep local expertise with international best practices. Over the years, we have built a diversified business with a clear vision for growth and a strong track record of delivering robust performance while adapting to changing market dynamics. This IPO marks a pivotal milestone in our journey, creating a platform to accelerate our strategic ambitions and enhance our market presence. Today, National Printing is ideally positioned to capture new opportunities across local and export markets. We look forward to entering this next chapter as a public company, where we can continue to invest in our capabilities, expand our reach, and create long-term value for all our stakeholders
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