By: Abdullah Bedier

Cairo – Mubasher: Marseilia for Real Estate is looking to shift from the Nile Stock Exchange (NILEX) to the Egyptian Exchange (EGX) by the end of 2018, after meeting the listing prerequisites, chairman Sherif Heliw told Mubasher.

The Egyptian real estate firm is currently choosing a financial advisor to set the fair value of the company’s shares in mid-November, Heliw added.

Marseilia has received many bids from advisors, he said, giving no further details on the identities of these companies.

He noted that the company will raise its capital and start the shift procedures following the stock evaluation and setting the fair value.

Translated by: Mai Ezz El-Din