The Egyptian Exchange (EGX) saves no effort to broaden its listed companies database by attracting new companies while its management is also keen to reconcile the non-compliant companies to follow the capital adequacy rules.
In line with this, EGX management approved on the 20th of November 2012 for the following companies: Middle East for Glass Manufacturing, Marsa Marsa Alam for Tourism Investment and Development, El Wadi Tourism Investment to offer a percentage of their capital through the OPR market.
EGX Chairman, Dr. Mohammed Omran asserted that this is among the stock exchange's efforts to facilitate for the new listed companies and the companies that aims at follow the capital adequacy rules to increase their free float percentage. He also highlighted that the stock market exerts its efforts to communicate with all companies to ensure protecting the investors' rights as well as increasing the market's liquidity.