The following calculations are not financial modeling or valuation in any way. We are simply pleased and happy to share how this deal is positive for our market and economy, and how it aligns with the government's IPO program.

*Data as of 03/09/2023 session close
After it's confirmed that Global Investment Holding, a UAE company, has acquired 30% of Eastern Tobacco (EAST) at a price of USD 625 million. This acquisition puts the total Market cap of the company at USD 2.08 billion (USD 2,083,333,333), which is equivalent to EGP 64.37 billion. This market cap represents a premium of +34% over the closing share price.
The closing price of EAST shares is EGP 21.50 per share. However, the deal market cap represents 2.23 billion shares at a price of EGP 28.87 per share (USD 0.93 per share). The exchange rate used for this calculation is USD/EGP 30.90. T
The below table represents the Market cap calculation
*It's not a financial valuation by any means.

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