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Source: Thomson Reuters.   Last updated on Feb 23, 2019 at 02:07AM (UTC).   Delayed by at least 15 minutes.
Request From "EMAAR Misr" for Development to List on the Egyptian Exchange
Feb 11, 2015
“EMAAR Misr” for Development applied today to list on the Egyptian Exchange (EGX). The company's nominal capital value is about LE 878 million allocated to approximately 87 million shares.

From his part, Dr. Mohammad Omran, EGX Chairman, stated that the applications to list in the market imply that EGX strategy (2014-2017) is going in its normal track, where one of its basic pillars is to deepen the market by increasing the number of promising companies in the Egyptian market.

He said that EGX has performed many efforts in the recent years to promote for the market’s efficiency and its ability to support companies, pointing out that “Emaar Misr” is one of the companies with which EGX communicated intensively over a period of more than 1.5 years to attract them to list in the Egyptian market, mentioning that EGX is currently communicating with many giant companies in Egypt to attract them to list on the Egyptian market.

Dr. Omran clarified that the recent structural developments witnessed by the listing system helped to significantly increase EGX ability to attract promising companies in addition to maintain the strong institutions that are currently listed, which is an important factor to increase the Egyptian market’s competitiveness in the region.

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