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Government resumes offering 25% of Enppi on EGX

The government committee supervising the state IPO programme gave the green light for resuming offering process of the Engineering for Petroleum and Process Industries (Enppi) on the Egyptian Exchange (EGX). Officials responsible for the offering process have resumed their meetings with Enppi’s representatives in the past period, an informed source told Daily News Egypt, adding …

Ahmed Farahat

EGX lists Orascom Development Egypt on EGX30 index

The Egyptian Exchange (EGX) listed Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding, on the EGX 30 index on Monday, as the company met the trading standards of the index, which includes the country’s top 30 listed companies. The move follows the success of ODE in 2018, as it was one of the …

Daily News Egypt

EGX aims to increase youth investors percentage, currently standing at 30-35%: EGX chairperson

The Egyptian Exchange (EGX) is targeting the younger generation to raise awareness, as currently, only 30-35% of them are investors. In order to increase this percentage, the EGX will introduce incremental savings approach to attract them an approach implemented in many capital markets for long-term investments, said Mohamed Farid, chairperson of the EGX. Farid statements …

Daily News Egypt

Floating companies on EGX during Q4 2018: Al Saeed

Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that the programme of the government IPOs is due to begin in the last quarter of 2018. Al-Saeed said in a press statement on the sidelines of the Egypt Government Excellence Conference held in cooperation with the United Arab Emirates, that there is no delay …

Ahmed Farahat

Egypt amends some provisions of listing, delisting rules for EGX

The board of directors of the Financial Regulatory Authority (FRA) issued a decision to amend some of the provisions of the rules for new listings on the Egyptian Exchange (EGX), as well as rules for continuation and delisting, through adding rules stipulated in article 6 of Law 95 of 1992. Mohammed Omran, chairperson of the …

Daily News Egypt