Cairo – Mubasher: The Egyptian Exchange (EGX) set the price of the global depositary receipt (GDR) of the Kuwaiti Al Salam Group Holding at EGP 2.6.

The average price in the Kuwait Stock Exchange (KSE) reached 0.0497 Kuwaiti fils, while it reaches AED 0.6180, according to a bourse filing on Tuesday.

EGX said earlier that the global GDR special transactions market will open for the Kuwaiti Group 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 stock ended Tuesday’[s trading falling 2.02% at 48.5 Kuwaiti fils in KSE, while it closed at AED 0.620 in the Dubai Financial market (DFM).