By Ahmed Allam

Cairo – Mubasher: The Egyptian Exchange received orders for 1.25 million Al Salam Group Holding’s global depositary receipts (GDRs), representing 36.8% of the total amount available for subscription.

The bourse earlier announced that the global depositary receipts (GDR) special transactions market will open for the Kuwaiti Al Salam Group Holding between 28 December and 12 January.

Al Salam issued 3.4 million Egyptian GDRs, which represent 10% of the total GDRs listed on the Egyptian market, with each depositary receipt representing one share.