The Egyptian Exchange (EGX) securities listing committee issued an approval yesterday for Misr National Steel -Ataqa to offer more shares to investors in a bid to increase the company’s free float and number of shareholders to comply with listing rules.
The committee also approved the request of Vertika major shareholders to sell 10% of capital via NILEX.
The committee also approved requests from two new companies, namely Mabani Real Estate Investment and International Dry Ice to sell stakes owned by major shareholders.
The stock market management is continuing efforts to attract more share listings in a bid to boost the market liquidity and lure more investors.