A New Company to Join NILEX This Week; Says Egypt Bourse Chief

The Listing Committee of Egypt’s stock Exchange will approve this week listing of a new company in the local bourse for the SMEs – NILEX, chief Mohamed Omran told Amwal Al Ghad.

The top official further told Amwal Al Ghad on Sunday evening that the EGX’s management is currently undergoing a number of talks with companies willing to list in the local bourse within the coming period.

The bourse is not targeting the listing of a certain limited number of companies this year, Omran noted, asserting that his management listens to all inquiries made by any firm keen on selling shares on EGX.

Elsewhere, Omran referred that he received a call from Mohamed Farid Khamis – the head of the Egyptian Investors Federation – requesting him for listing a new company in EGX, dedicated to fund the Suez Canal Corridor Development project.