Saint George FC Announce 244 million birr Worth Share As Initial Public Offering

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HaletaNews

Saint George FC, one of the oldest Premier League club in Ethiopia, yesterday launched a Birr 244 million Initial public offering, (IPO) to sell shares to its investors. According to reports the 90% of the targeted amount already committed by investors via Fairfax Africa

Fund, a consultancy firm that facilitates business deals between investors and foreign companies, as well as conducting feasibility studies for construction projects. Founded in 1935 in Doro Manekia in Piazza, St. George has won the Ethiopian premier league championship title 13 times since 2000. The first officially recognized Ethiopian football league was established in 1944 with St. George and four other clubs including Italian, Armenian, Greek and the British military mission in Ethiopia

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