The Egyptian Exchange Discusses with 79 Companies the Benefits of Listing

Since October 2018, The Egyptian Exchange is consulting with 79 companies in about 10 sectors as a part of its intensive efforts to promote listing of new companies in EGX since the launch of its new system “CRM”.

This comes only after 8 months of launching the new system “CRM”, Client Relation Management System, to follow the target potential companies to be listed by collecting data of companies that trade over the counter and companies registered at the MCDR and GAFI.

According to a recent report issued by EGX on the performance of the new system “CRM”, the target companies are distributed in the sectors of real estate, pharmaceuticals, energy and gas, oil and food processing, technology and media, services, industrial products and cars. The report divided the companies into three sections, companies showed a positive interest in listing, companies that needs more knowledge and understanding and companies that believe that the current time is not appropriate for the enrollment.

The total average capital of the target companies to be listed on EGX is nearly EGP 700 million.