IBC; NILEX Listing Approved

The Listing Committee held on 03/10/2012 has approved to list the shares of International Business Corporation For Trading and Agencies – IBC (IBCT.CA) in NILEX, through its nominated advisor. The company’s issued capital is EGP 20,000,000, distributed over 4,000,000 shares at a par value of EGP 5 per share.

Shares of the company will be added to EGX database effective 04/10/2012 trading session. The issuer company should submit the disclosure report upon the norm received from the Egyptian Financial Supervisory Authority (EFSA), together with an approved study for the fair value of the company’s share. The company should also fulfill conditions stated in items (1, 2, and 3) of Article No. (2) of EFSA Board of Directors decree no. (81) dated on 17/10/2011, within 6 months grace period starting the listing date. In case the issuer company did not conform with the above-mentioned commitments, listing the share of the company should be considered as if it never took place, according to EFSA Board of Directors decree No. (81) dated on 17/10/2011.