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
In a recent press conference, El-Sheikh highlighted that 2024 witnessed unprecedented numbers, with several indices reaching historic highs, marking the year as one of the most successful in the exchange's history
The new listings are part of a broader strategy to attract more investments and enhance Egypt’s position as a competitive player in global markets.
