The Egyptian Stock Exchange's listing committee had agreed at the end of last December to list the shares of Nahr Al-Khair Company, with an issued capital of LE 200 million, divided into two billion shares, with a nominal value of 10 piasters per share.
The minister added in statements on the sidelines of the Seventh CEO Conference, Monday that the total value of the offered share is estimated at LE 135 million.
Madbouly explained during the cabinet meeting that the government is aware of the importance of increasing the offerings of public companies; In order to enhance the role of the stock market, develop and revive the movement of capital flow and trading in the Egyptian Stock Exchange, and raise the market capital to be more attractive to investors
This came in a meeting chief executive of capital markets at the London Stock Exchange, Murray Ross, and Charlie Walker, head of primary markets at the stock exchange. EGX received Wednesday the incomer number 241 in the list of listed companies, e-finance for financial and digital investments, a leading company in the development, management and operation of technological networks for digital transactions.
EGX said in a statement, Monday, that the public offering numbered 25.77 million shares, representing 6.17 percent of the total shares offered for sale, which represented 1.61 percent of the company's total issued shares.
It explained that the initial public offering (IPO) period started from Sunday, October 10, until Sunday, October 17.
The company stated, in a statement, Thursday that it will offer 80 million shares of the current shares in a secondary offering on the EGX and implement the public offering in the primary market for 177.77 million ordinary shares as a capital increase.
The committee presented the proposal during a meeting it organized with the head of the Egyptian Stock Exchange via video conference technology.
This statement came on the sidelines of the signing of a cooperation protocol with Nabila Makram, Minister of State for Immigration and Egyptian Affairs Abroad.
This came during a workshop organized by the Stock Exchange in coordination with the European Bank and the Federation of Eurasian Stock Exchanges, to familiarize companies with the requirements for registration
Taaleem will be traded under the symbol (TALM.CA).
Regarding the public offering, the statement indicated that the offering was executed on 17.891 million shares, representing 5 percent of the total shares offered for sale, which represents 2.45 percent of the total issued company shares.
ICON clarified in a statement to the Egyptian Exchange (EGX) Tuesday that it seeks to complete the procedures for registering the new company and listing it on the EGX before the end of the second quarter of 2021.
The total number of companies operating in the field of retail trade listed on the stock exchange ranges from 7 to 8 companies only, which is a little number compared to the benefits that will accrue to companies from being registered in the bourse.
The Egyptian government sovereign green bond offering is valued at $750 million with a five year term.
“The offering will be considered again,” he said.
The company canceled the offering of 10 percent through the management contract and another 15 percent would be put on the stock exchange.
A review of all ups and downs in Egyptian economy and the stocks market in 2019, as well as positive expectations for 2020.
The second phase includes 10 companies, containing eight mining and industrial companies, in addition to e-finance and Banque du Caire.
Arabs and foreigners represented 19.7 percent of the IPO and 49.3 percent of the private offering.