The Clap
The EGX is looking to capitalize on the EBRD’s efforts to develop the capital markets in the Middle East.
Deets
The EGX met with the EBRD, along with 21 companies eligible for listing.
Some are owned by the Ministry of Transportation, while some are subsidiaries of a listed company, according to sources.
So what
The EGX wants companies to get to know better the rules and regulations for going public, as well as capitalize on the EBRD’s initiative.
Now what
There’s been news that some companies belonging to the Ministry of Transportation are being restructured in order to list on the EGX.