VOL. XLII

No. 10

8-March-1999

EGYPT

EFG-Hermes Sets Price For Local Shares

Following its decision to list on the Cairo and AlexandriaStock Exchanges last month (MEES, 15 February), Egypt痴 EFG Hermes hasdetermined that the price of its local shares will be set at E80 ($23.5). Theshares began trading on the Egyptian bourse on 2 March and the local shareprice is equivalent to the initial offering price of the company痴 GDRs listedin London.