EGX's listing committee approved yesterday two companies to be added to the main market (EGX) and another two to be added to NILEX market for small & mid cap companies.
The Committee approved Misr National Steel Co. offering shares to investors as an initial step for the company to be compatible with the listing requirements through increasing the percentage of free float and the number of shareholders to trade on EGX main market.
Mabany Real Estate Investment Co. is the 2nd approved company with a capital of about 50 million Egyptian pounds distributed to about 250 million shares to trade on EGX main market.
The Committee also approved the main shareholders of Vertica Software. Vertica will offer 10% of its capital to be traded in NILEX.
The last company approved during this committee meeting was International Dry Ice Co (Divko) with a capital of 7 million Egyptian pounds distributed over 7 million shares to be traded in NILEX.
New listings in the main market and Nilex are in the context of ongoing efforts to attract companies to be listed and accordingly increase market liquidity through adding attractive products for all segments of investors.
