ITIDA: 33 ICT Companies To Be Listed In NILEX Soon

Eng. Yasser ElKady, the Information Technology Industry Development Agency (ITIDA) CEO, said there are about 78 ICT companies have shown willingness to join NILEX after ITIDA and Egyptian Exchange (EGX) had signed partnership program in May.

“33 companies have fulfilled all NILEX’s listing requirements and they will be listed within the coming period. The 33 companies include 3 outsourcing firms located in Qena Governorate” ElKady added

“In accordance with the agreement, ITIDA acts as the program facilitator; supporting ICT companies through the Nominated Advisors at the stock exchange who will qualify these firms for being listed.”

“As part of its subsidies to the Egyptian ICT companies, ITIDA will afford 80% of listing procedures cost while companies afford the rest.”