Eagle: Two Property Firms May Join Egypt SME Bourse in H1

Egypt’s Eagle Advisors plans to complete listing shares of two property companies in the local bourse for SMEs within the first half of 2015.

The two property firms planned to join the Egyptian stock Exchange for SMEs, known as NILEX, are Al Rabwa Group and Al Offoq Company, with EGP 100 million capitals for each.

According to chairman Yasser Emara, Eagle Advisors is currently in stage of completing the procedures of listing Al Rabwa and Al Offoq in addition to balancing their budgets ahead of joining NILEX.

Eagle Advisors was founded in 2009, according to Capital Law No. 95 for 1992, and its executive statute Commercial Register No388965, with an authorized capital of EGP 2.5 million and issue capital of EGP 250.000.