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Ibn Sina pharma sets maximum IPO price at 6.66 Egyptian pounds per share

CAIRO, Nov 23 (Reuters) - Ibn Sina pharmaceutical industry has set a maximum price for its public offering on the Egyptian exchange market at 6.66 Egyptian pounds ($0.38) per share, Mohamed el-Akhdar, head of investment banking at Beltone, told Reuters on Thursday.

December 11 is expected to be the first day of trading, he said, in which 85 percent of the IPO will be for institutions and 15 percent for the public. ($1 = 17.6500 Egyptian pounds) (Reporting by Ehab Farouk; Amina Ismail; Editing by Kim Coghill)