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Listing Requirements

NILEX is characterized its simplified procedures and conditions to facilitate the listing process; among these conditions:
  • The shares should be Central Registered and Deposited.
  • The company Decree and terms of issue should not contain any restrictions on the trading of its listed shares.
  • The company should introduce financial statements for the two fiscal years prior to the listing request,. In case of the issuing only one financial statements for a full fiscal year, it shall be submit a 3 years future business plan that includes the expected results approved by the nominated advisor or a financial consultant accredited EFSA. This should include an approval from EFSA on the financial consultant study of the fair value of the share in terms of following the rules and methodologies in preparing the study.
  • The shareholders' equity for the last annual financial statements or periodical one prior to the listing request date should not be less than paid-in capital.
  • The capital should be fully paid.
  • The listed shares should not be less that 20% of the total company shares and the number of shareholders should not be less than 100 shareholders during a period of more than six months from the listing date.
  • The percentage of retention of the founders and Board members should not be less than 51% of its capital for a period of not less than two fiscal years from the listing date.

EGX Listing Rules (Arabic) Click here ...
Executive Regulations of the Listing Rules (Arabic) Click here ...
Listing Request Attachments (Arabic) Click here ...

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