The EGX reported that a total of 21,171,040 shares were sold
during the offering, allocated to 3,359 investors, with a total value of
approximately EGP 450 million.
Ahmed El-Sheikh, Chairman of the EGX, stated that the
listing supports the exchange’s strategy to encourage new listings, expand the
number of listed companies, and diversify the sectors represented on the
market. These efforts aim to enhance the market’s appeal to both local and
international investors, in line with listing regulations and offering
prospectuses approved by the Financial Regulatory Authority (FRA).
El-Sheikh emphasized that the debut of a new company on the
exchange reflects rising investor confidence in the government’s economic
policies and the strength of Egypt’s capital market. He described the
development as a key step toward deepening the market and broadening the investor
base, which will help attract additional local and foreign investment.
The EGX Chairman also expressed hope that this move would
serve as an incentive for more companies to list on the EGX and benefit from
the advantages of being publicly traded.
The government views this growing investor confidence as the
result of its comprehensive and ongoing reform efforts, and the supportive,
investment-friendly environment it continues to provide.
Egypt’s capital market is regarded as one of the key pillars
of the state’s vision to achieve inclusive and sustainable development in the
coming phase.