Hassan Allam Holding, a construction and engineering group headquartered in Cairo, Egypt, and serving national, regional and global clients in the Middle East and North Africa, announced today its intention to proceed with a public offering of up to 44.3% of the Company’s existing ordinary shares currently owned by the Selling Shareholders in (i) an institutional offering of ordinary shares to be listed on the Egyptian Exchange (EGX) and global depositary receipts (GDRs) representing ordinary shares to be listed on the London Stock Exchange (LSE), and (ii) a separate domestic offering of ordinary shares in Egypt.

An initial public offering (IPO) of some 14.5 million shares of Egypt’s Cairo for Investment and Real Estate Development company (CIRA) was 18.9 times oversubscribed on Tuesday, traders said.

The Extraordinary General Assembly of Orange Egypt for Telecommunications (EGX:OREG) approved to optionally write off the company's shares from the Egyptian Exchange (EGX).

The head of Egypt's Financial Supervisory Authority Mohamed Omran issued a decision on Tuesday to reduce annual registration services fees for companies listed on the Egyptian Exchange (EGX) by 50 percent.According to the decision, annual services fees will be 0.0005 percent of the total issued capital instead of the current 0.001, with minimum fees of EGP 5,000 compared to EGP 10,000, while the maximum fees will remain at EGP 25,000.