The Clap
The EGX agreed to list shares of Port Said Container & Cargo Handling Company (PSCCHC) on its database ahead of offering a stake to the public.
What
EGX Chairman Rami El-Dokany said the efforts to list new companies are in parallel with other efforts to promote investment in the EGX to Gulf countries.
So what
This move comes as the start of a bigger plan by the EGX to list companies with large capital to increase the index’s market cap & trading activity.
Now what
PSCCHC has up to six months to complete listing requirements, with the FRA’s approval also needed for the company to start trading.
