The Clap
The Egyptian Stock Exchange (EGX) has given the green light to Egypt Warehouses Company to list their shares on the small & medium enterprise (SME) market.
What
This company works in the customs clearance, transportation, & warehousing sectors,
So what
Egypt Warehouses Company is a Ministry of Transportation company with a capital of EGP 25 million, & is one of numerous companies under the ministry being readied to go public.
Now what
They have a 6-month window to complete the offering procedures & are looking to increase their capital in the next two years to join the main market.