EGX Listing Rules

EGX Listing Rules:

  1. 1. The number of shares should not be less than 2million shares
  2. The number of shareholders should not be less than 100 shareholders
  3. The issued capital should not be less than EGP20 million
  4. The number of shares offered in a primary or secondary public offering should not be  less than 10% of  the total issued shares of  the company, and the shares should be offered by the fair value approved by Independent financial advisor
  5. The free floating percentage should not be less than 5% of the company shares
  6. The net profits before taxes for the last fiscal year for the company should not be less than 5% of the paid-in capital .
  7. Shares of the company should be deposited at the Central Depository System
  8. Auditor should be accredited to The Egyptian Financial Supervisory

Nilex Listing Rules:

  1. The mid and small cap companies issued capital should not be more than EGP 50 million or its equivalent in foreign currencies, when applying for listing for the first time and the issued capital should be paid in full .
  2. The minimum shares offered should not be less than 10% of the total issued shares.Within the context of those rules, the term offering refers to the sale of the company’s shares through the stock exchange
  3. The number of shareholders should not be less than 25 shareholders
  4. The number of issued shares for the company -to be listed-should not be less than 100 thousand shares.
  5. The company should submit its audited financial statements for at least one fiscal year, the company's listing can be approved  even if the company have not issued financial statements for one fiscal year, provided that the company submits its business plan for the coming 5 years, stating the expected profits,
  6. Shareholders’ equity should not be less than 100% of the company's paid in capital in the last annual financial statements preceding the Listing Application
  7. The applicant company must appoint an approved Nominated Advisor
  8. The founders and the members of the board of directors should not have less than 25% of the company capital for at least two financial years since the company offering .
  9. Shares of the company should be deposited at the Central Depository System
  10. Auditor should be approved by The Egyptian Financial Supervisory Authority

 

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