Stock Exchange Seeks Listing for Alexandria Urban Development

The Egyptian Exchange announced that it has received a request from Alexandria for Investments and Urban Development to list its shares on the Main Market. The required capital for listing is approximately 1.465 billion Egyptian pounds, divided into 293.076 million shares with a nominal value of 5 pounds per share. Currently, the request is pending approval from the Listing Committee after the necessary documents and requirements have been fulfilled, and it will be presented for the final decision. Additionally, the State-Owned Enterprises Sector has increased the number of temporarily registered companies to 21 in preparation for their offering on the market.

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