EGX Starts Series of Workshops for Listed Companies’ Awareness of New Listing Rules

The Egyptian Exchange (EGX) management is organizing a series of workshops for listed companies and other related parties to inform them with details of the new listing rules. This is schedules to take place end of February 2014.

In this context, Dr. Mohammad Omran, EGX chairman, said that EGX has contacted companies to urge them to comply with the new rules? standards, specially the minimum shareholders? number and free floated shares, as well as the profitability criteria and the number of listed shares. EGX chairman stated that companies will be obliged to disclose their steps to comply with the listing rules to insure investors’ rights, especially small investors.
Omran mentioned that EGX’s aim through the close communicate with listed companies through those workshops is to stress that we will provide the needed technical support to ensure more efficient application of the listing and disclosure rules and regulations.