Cairo - Mubasher: The Egyptian Exchange (EGX) said on Sunday that the global depositary receipts (GDR) special transactions market will open for the Kuwaiti Al Salam Group Holding between 28 December and 12 January.

EGX added in its statement on that Al Salam will issue 3.4 million Egyptian GDRs which represent 10% of the total GDRs listed on the Egyptian market, with each depositary receipt representing one share.

The final price is yet to be announced, and it shall not exceed the average closing price of the company’s stocks on Kuwait’s and Dubai markets on Thursday, the statement indicated.