SMEs Market

The first stage
The company planning to list on the SMEs market should sign a contract with one the Nominated Advisors (NOMADs) accredited by EGX. The Nominated Advisor will responsible for assisting the company through the listing process; then the NOMAD will responsible for monitoring the company's commitments to the disclosure rules and regulations. The company should also stay contracted with a nominated advisor for at least two years starting from the listing date.
Second stage
The company should be listed at the Financial Regulatory Authority (FRA)
Third stage
The preparation for submitting the required documents for the department in charge of listing at EGX.
Fourth stage
The Issuance of the approval on listing the company and signing the agreement contract with the stock exchange.
Fifth stage
FRA approves the fair value report or the company?s prospectus.
Sixth stage
The company publishes of the disclosure the prospectus in two widely circulated morning newspapers; then IPO starts at the private deals market.
Seventh stage
The IPO succeeds; the company fulfills the final listing conditions and the commencement of trading on the company's shares through the trading system.