The Egyptian Exchange (EGX) started on Sunday, November 13th activating its new trading system for NILEX, as well as applying the listing rules amendments, which were announced during the press conference that was held on the same day. Dr. Mohamed Omran, Chairman of EGX, stated that the surveillance system in use in the main market will be applied in NILEX, whereby in the upcoming period EGX will receive from the Egyptian Financial Supervision Authority the file of the Nominated Advisors. Dr. Omran added that EGX is keen to publish the financial indicators of NILEX companies either via NILEX website or the media to help investors in their investment decisions.
Tuesday, November 1st, The Egyptian Exchange (EGX) and The General Authority for Investment (GAFI) signed a Memorandum of Understanding (MOU) for mutual cooperation aiming to attract new companies to list on the Egyptian stock market for small and medium enterprises; Nile Stock Exchange (NILEX). During the press conference following the MOU signature, Dr. Mohamed Omran, Chairman of EGX, emphasized on the mutual cooperation between EGX and GAFI in supporting small and medium enterprises, with sound financial standing, and enabling them to diversify their access to finance. He noted that GAFI has provided EGX with a large database of potential NILEX candidate companies.
The Egyptian Exchange (EGX) together with the Information Technology Industry Development Association (ITIDA) seek to attract more technology companies to get listed on NILEX. In this respect, Mr. Mohamed Abdel Salam, EGX Chairman, asserted that EGX looks forward to put up "NILEX" as the first Arab stock market for small and medium enterprises that aims at enhancing the IT industry. On the other hand, Eng. Yasser El Kady, CEO of ITIDA, confirmed that the association will support 50% of the listing cost of the information technology companies.
The Egyptian Exchange (EGX) launched on Thursday 3 June 2010 the first trading session in the Nile Stock Exchange (NILEX), the first market for growing medium and small companies in the MENA region. The Chairman of EGX, Maged Shawky, announced that the first trading session witnessed a significant demand from the investors where the asks significantly exceeded the bids. He added that 4 companies were traded were traded during the first trading session, recording a tital trading volume of 1.4 million shares worth LE 10 million. The shares' prices registered significant increases in the first trading session compared to their par value. Moreover, Dr. Mohamed Omran, EGX Vice President, announced that the first trading session in NILEX is considered a very special day for the Egyptian Exchange. He stated that "Today we are celebrating the outcome of the extensive efforts during past four years spent in research, study and preparation for this market to come out in the most proper way that suits our image and achieve its main goal to boost the SMEs sector performance". Omran mentioned that "We will continue our efforts to maintain the integrity of trading in the market and introduce new successful stories". El-Barbary Investment Group (BIG) ranked first in terms of value traded, recording LE 7 million, followed by El Bader Plastic, registering a trading value of LE 2.6 million. Meanwhile, Utopia recorded more than LE 500 thousand and AL Moasher recorded a trading value of more than LE 300 thousand. The trading in NILEX takes place through the brokerage firms operating in the main market. Bids and Asks can be placed anytime during the trading session which starts daily at 11:00 a.m. and lasts for an hour. Trading in NILEX is subject to the supervision of the Egyptian Exchange. Moreover, the company has to abide by the same disclosure rules of the main market. For more detailed information about each company and its financial position and future plans, please visit the following link: http://www.nilex.com.eg/ar/Listed_Companies.aspxCompany NamePar ValueClosing PriceValue LEVolumeMarket Capitalization (LE Million)Al Bader Plastic18.762,628,000300,00015Barbary Investment Group ( BIG)177,000,0001,000,00070UTOPIA552522,60010,05052Al Moasher for Programming and Information Dissemination16.10305,00050,00043Important Note: The trading on all listed securities companies takes place without any price limits ONLY during the first session. Starting the second trading session, a 20% price limit is set on the companies. This means that the 4 companies traded on Thursday, starting Sunday will be traded within a 20% price limit. Meanwhile, the remaining six companies will be traded without price limits until their first trade is executed.
The Egyptian Exchange (EGX) launched on Thursday 3 June 2010 the first trading session in the Nile Stock Exchange (NILEX), the first market for growing medium and small companies in the MENA region. The Chairman of EGX, Maged Shawky, announced that the first trading session witnessed a significant demand from the investors where the asks significantly exceeded the bids. He added that 4 companies were traded were traded during the first trading session, recording a tital trading volume of 1.4 million shares worth LE 10 million. The shares' prices registered significant increases in the first trading session compared to their par value.
Moreover, Dr. Mohamed Omran, EGX Vice President, announced that the first trading session in NILEX is considered a very special day for the Egyptian Exchange. He stated that "Today we are celebrating the outcome of the extensive efforts during past four years spent in research, study and preparation for this market to come out in the most proper way that suits our image and achieve its main goal to boost the SMEs sector performance". Omran mentioned that "We will continue our efforts to maintain the integrity of trading in the market and introduce new successful stories".
El-Barbary Investment Group (BIG) ranked first in terms of value traded, recording LE 7 million, followed by El Bader Plastic, registering a trading value of LE 2.6 million. Meanwhile, Utopia recorded more than LE 500 thousand and AL Moasher recorded a trading value of more than LE 300 thousand.
The trading in NILEX takes place through the brokerage firms operating in the main market. Bids and Asks can be placed anytime during the trading session which starts daily at 11:00 a.m. and lasts for an hour. Trading in NILEX is subject to the supervision of the Egyptian Exchange. Moreover, the company has to abide by the same disclosure rules of the main market.
For more detailed information about each company and its financial position and future plans, please visit the following link: http://www.nilex.com.eg/ar/Listed_Companies.aspx
Important Note: The trading on all listed securities companies takes place without any price limits ONLY during the first session. Starting the second trading session, a 20% price limit is set on the companies. This means that the 4 companies traded on Thursday, starting Sunday will be traded within a 20% price limit. Meanwhile, the remaining six companies will be traded without price limits until their first trade is executed.
Within its attempts to support SMEs sector, NILEX sponsored the issuance of (the guide to finance and financial services and tools in Egypt) to help in financing SMEs, issued by the Egyptian Junior Business association (EJB) in a ceremony for this occasion organized on 31st March 2010 with the participation of NILEX and other associations, financial institutions and experts in this field. Mr./ Maged Shawky, EGX Chairman gave a speech about NILEX importance in the financing SMEs and its role in the Egyptian economy and the efforts made to activate it.
Within its attempts to support SMEs sector, NILEX sponsored the issuance of (the guide to finance and financial services and tools in Egypt) to help in financing SMEs, issued by the Egyptian Junior Business association (EJB) in a ceremony for this occasion organized on 31st March 2010 with the participation of NILEX and other associations, financial institutions and experts in this field.
Mr./ Maged Shawky, EGX Chairman gave a speech about NILEX importance in the financing SMEs and its role in the Egyptian economy and the efforts made to activate it.
Within the attempts of the Egyptian Exchange (EGX) management to promote for NILEX and to show its advantages to finance SMEs, EGX launched an intensive promotional campaign in the various Egyptian governorates, started on 15 March 2010 with a workshop that was held in the investors' association of the 10 th of Ramadan city, where Dr. Mohamed Omran, EGX Vice-Chairman and the head of NILEX advisory committee introduced the main advantages of NILEX and its role in financing the medium and small companies and give them the opportunity for growth. And as per EGX awareness for the strong interest shown by the government to the upper Egypt, NILEX team went to this area, where it organized an expanded workshop in the investors association of Sohag on 20 March 2010. And it is planned to visit 3 more governorates during the coming period. These workshops were appreciated by of the companies of the 2 cities who stressed on the importance of these promotional efforts which don't focus on Cairo only, but addressed also their governorates. Many of them showed interest for the preparation to list on NILEX as a solution to the funding problems they face with the banking system which influence their capacity for expansion and growth, in the same time NILEX could provide them with many facilities, also many governmental agencies support NILEX project.
Within the attempts of the Egyptian Exchange (EGX) management to promote for NILEX and to show its advantages to finance SMEs, EGX launched an intensive promotional campaign in the various Egyptian governorates, started on 15 March 2010 with a workshop that was held in the investors' association of the 10 th of Ramadan city, where Dr. Mohamed Omran, EGX Vice-Chairman and the head of NILEX advisory committee introduced the main advantages of NILEX and its role in financing the medium and small companies and give them the opportunity for growth.
And as per EGX awareness for the strong interest shown by the government to the upper Egypt, NILEX team went to this area, where it organized an expanded workshop in the investors association of Sohag on 20 March 2010. And it is planned to visit 3 more governorates during the coming period.
These workshops were appreciated by of the companies of the 2 cities who stressed on the importance of these promotional efforts which don't focus on Cairo only, but addressed also their governorates. Many of them showed interest for the preparation to list on NILEX as a solution to the funding problems they face with the banking system which influence their capacity for expansion and growth, in the same time NILEX could provide them with many facilities, also many governmental agencies support NILEX project.
The Egyptian Exchange, in collaboration with the Information Technology Industry Development Agency (ITIDA), organized a workshop on Monday, January 18, 2010 to introduce NILEX project for a number of promising IT companies and the benefits of getting listed on Nilex. The workshop was attended by a number of companies listed on the program of technological incubators sponsored by ITIDA. Additionally, a number of nominated advisors was attended, aiming at putting the nominated advisors along with the companies wishing to be listed on Nilex.
Within the framework of The Egyptian Exchange (EGX) plan to promote for NILEX, EGX participated on January 11, 2010 in a workshop organized by the Egyptian Junior Business Association (EJB) about the main financing constraints faced by SMEs in Egypt. Moreover, EGX will participate in another workshop organized by EJB about Nilex on Wednesday, January 20, 2010.
In a press conference held in the Egyptian Stock Exchange on 12 June 2008, the Minister of Investment Dr. Mahmoud Mohi El-Din together with EGX Chairman Maged Shawky announced the listing of the first two companies on Nilex; the newly launched mid and small cap market. The Press conference was attended by representatives from entities supporting medium and small enterprises in Egypt; together with a number of investment banks leaders as well as the nominated advisors.The Minister of Investment highlighted the importance of the new market in enhancing the economic growth as the sector contributes with 80% of the economic activity in Egypt. On the other hand, Mr. Maged Shawky, EGX Chairman, announced that since the launch of Nilex in October 2007, the Egyptian Exchange started an intensive promotional campaign to increase the SMEs awareness about the benefit of getting listed on the stock market. He further pointed out that several companies applied for listing through their nominated advisors, and these requests are currently under study, asserting that Nilex will be mainly targeting companies with high growth potential.In that respect, the CEO of Naeem for Financial Investment, Mr. Basel Al-Hini; asserted the nominated advisor's role in advising and assisting the applicant company on all its responsibilities during the application process and its responsibilities to maintain its status once listed. Additionally, it helps the company in its initial public offering of its shares and in fulfilling its ongoing disclosure obligations as well.
In a press conference held in the Egyptian Stock Exchange on 12 June 2008, the Minister of Investment Dr. Mahmoud Mohi El-Din together with EGX Chairman Maged Shawky announced the listing of the first two companies on Nilex; the newly launched mid and small cap market. The Press conference was attended by representatives from entities supporting medium and small enterprises in Egypt; together with a number of investment banks leaders as well as the nominated advisors.
The Minister of Investment highlighted the importance of the new market in enhancing the economic growth as the sector contributes with 80% of the economic activity in Egypt. On the other hand, Mr. Maged Shawky, EGX Chairman, announced that since the launch of Nilex in October 2007, the Egyptian Exchange started an intensive promotional campaign to increase the SMEs awareness about the benefit of getting listed on the stock market. He further pointed out that several companies applied for listing through their nominated advisors, and these requests are currently under study, asserting that Nilex will be mainly targeting companies with high growth potential.
In that respect, the CEO of Naeem for Financial Investment, Mr. Basel Al-Hini; asserted the nominated advisor's role in advising and assisting the applicant company on all its responsibilities during the application process and its responsibilities to maintain its status once listed. Additionally, it helps the company in its initial public offering of its shares and in fulfilling its ongoing disclosure obligations as well.
The The Egyptian Exchange, in collaboration with Eitesal Association, held yesterday, 15 April 2008, a workshop for Mid & Small ICT companies, highlighting the benefits of getting listed on Nilex; the newly launched mid and small cap market in the stock exchange. The workshop was attended by representatives from almost 70 ICT companies, who are interested to tap the stock market to raise capital for the expansion and development of their businesses, together with the nominated advisors as well as a number of ICT associations, funding agencies and major projects for SMEs.Mr. Maged Shawky, Chairman of EGX, highlighted the exchange strategic objectives in establishing a new market for mid & small cap companies, which should provide a large segment of SMEs with an access to long term finance to grow and expand their businesses to create more competitive entities in both domestic and international markets. The workshop also addressed the regulatory framework governing Nilex.From another perspective, a group of nominated advisors also emphasized their role in assisting the companies on different fronts; including, but not limited to, the company's internal restructure together with the company's fulfillment to the listing and disclosure rules. This workshop came within a series of meetings and seminars which are planned to be held by EGX in the upcoming period, aiming at putting the nominated advisors along with the mid & small cap companies.Worth mentioning that EGX new market for medium and small enterprises (NILEX) was launched at the end of 2007. To date, eight companies have been granted an approval from the Capital Market Authority to act as Nominated Advisor and the first company will be soon listed on Nilex.
The The Egyptian Exchange, in collaboration with Eitesal Association, held yesterday, 15 April 2008, a workshop for Mid & Small ICT companies, highlighting the benefits of getting listed on Nilex; the newly launched mid and small cap market in the stock exchange. The workshop was attended by representatives from almost 70 ICT companies, who are interested to tap the stock market to raise capital for the expansion and development of their businesses, together with the nominated advisors as well as a number of ICT associations, funding agencies and major projects for SMEs.
Mr. Maged Shawky, Chairman of EGX, highlighted the exchange strategic objectives in establishing a new market for mid & small cap companies, which should provide a large segment of SMEs with an access to long term finance to grow and expand their businesses to create more competitive entities in both domestic and international markets. The workshop also addressed the regulatory framework governing Nilex.
From another perspective, a group of nominated advisors also emphasized their role in assisting the companies on different fronts; including, but not limited to, the company's internal restructure together with the company's fulfillment to the listing and disclosure rules.
This workshop came within a series of meetings and seminars which are planned to be held by EGX in the upcoming period, aiming at putting the nominated advisors along with the mid & small cap companies.
Worth mentioning that EGX new market for medium and small enterprises (NILEX) was launched at the end of 2007. To date, eight companies have been granted an approval from the Capital Market Authority to act as Nominated Advisor and the first company will be soon listed on Nilex.
The Minister of Investment; Dr. Mahmoud Mohei El Din, together with EGX Chairman; Mr. Maged Shawky, have launched today October 25 th 2007, EGX new market for medium and small enterprises (NILEX), which is the first mid and small cap market in the MENA region. The new market will provide medium and small companies with a long term access to capital, which helps them grow their businesses and increase their competitiveness as well as raise their contribution to the economic growth. Guest of honor, Mr. Gamal Mubarak, General Secretary of Policies Committee at the National Democratic Party (NDP), together with Engineer Rasheed Mohamed Rasheed, Minister of Trade and Industry, Dr. Osman Mohammed Osman, Minister of Planning and Economic Development, Dr.Ahmed Saad Abd Al-Latif, Chairman of the Capital Market Authority and Dr. Ziad Bahaa Eldin, Chairman of the General Authority for Investment and Free Zones' Board of Trustees, have attended the event, in addition to other market participants and a group of promising mid and small cap companies.
The Minister of Investment; Dr. Mahmoud Mohei El Din, together with EGX Chairman; Mr. Maged Shawky, have launched today October 25 th 2007, EGX new market for medium and small enterprises (NILEX), which is the first mid and small cap market in the MENA region. The new market will provide medium and small companies with a long term access to capital, which helps them grow their businesses and increase their competitiveness as well as raise their contribution to the economic growth.
Guest of honor, Mr. Gamal Mubarak, General Secretary of Policies Committee at the National Democratic Party (NDP), together with Engineer Rasheed Mohamed Rasheed, Minister of Trade and Industry, Dr. Osman Mohammed Osman, Minister of Planning and Economic Development, Dr.Ahmed Saad Abd Al-Latif, Chairman of the Capital Market Authority and Dr. Ziad Bahaa Eldin, Chairman of the General Authority for Investment and Free Zones' Board of Trustees, have attended the event, in addition to other market participants and a group of promising mid and small cap companies.
