Emaar Misr, the Egyptian unit of Dubai's Emaar Properties, will offer 14.9 per cent of its shares in an initial public offer (IPO) in Cairo between June 16 and 25, the company said on Monday.

The shares will be priced at E£4.49 each, meaning the offer is expected to raise E£2.69 billion ($353 million).

A tranche of the offer for retail investors will comprise 90 million shares and a tranche for institutional investors will offer 510 million shares.-Reuters