The Clap
The European Bank for Reconstruction & Development (EBRD) and the EGX are talking with companies listed in the NILEX in order to complete the second phase of the restructuring plan that began last year.
What Restructuring Plan?
This restructuring plan concerns NILEX companies and demands that these companies partner with centers for research and develop their investor relations and governance reporting.
EBRD’s Role
The bank incurred 75% of the plan’s total cost, which ranged from EGP 120,000 to EGP 150,000 per company, for 22 of the listed companies, except for one.
EBRD and EGX developing companies in the NILEX 📈
