London Stock Exchange formally welcomed Edita Food Industries to its markets today. The Cairo-based group, a leader in Egypt’s burgeoning packaged snack foods market, raised $275m by simultaneously issuing Global Depository Receipts (GDRs) in London and ordinary shares on the Egyptian Exchange (EGX).

Chairman of the Egyptian Stock Exchange (EGX) Mohamed Omran issued two decrees Sunday accrediting 35 experts and 14 arbitrators to operate in settling capital market disputes, EGX announced in a statement.

The Egyptian Exchange (EGX) started on Sunday 15 March, 2015, to work with the second phase of improving the Over The Counter (OTC) market mechanisms, which represents an important step in EGX’ trading system, where investors can put the sell order for non-listed companies without the need to have the other side of the transaction, the thing that will contribute greatly to accelerate the partnership activity even in non-listed companies, and would help those companies to obtain financing more easily as the partners will have a fast exit way.

The Egyptian Exchange (EGX) launched today the start of trading on Orascom Construction Limited company as the first foreign company to perform dual listing in the Egyptian market in form of shares since nearly 20 years. The initial public offering (IPO) has been implemented successfully on about 11% of the company’s shares.