According to Ahmed El Sheikh, Chairman of the EGX, the collaboration with Nasdaq will also include the development of new trading supervision systems.
The current rules mandate that these shareholders must freeze 51% of their shares for a minimum of two years post-IPO
This change follows the government’s revised approach for selling the United Bank
The changes, effective from February 1, 2025, aim to reflect the evolving dynamics of Egypt’s economy and stock market, providing investors with updated benchmarks for trading.
During the meeting, the Prime Minister reviewed the ongoing efforts and instructed officials to move ahead with the offering of military-owned companies
