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Yves Gauthier, Chief Executive Officer of the Egyptian Company for Mobile Services (Mobinil) (EMOB.CA), stated that there are three obstacles that hinder Mobinil from offering stake in the Egypitan Exchange (EGX) and increasing its free float from 1.08 %, Ahram Gate reported.
It is worth noting that, Gauthier stated lately that Mobinil is studying to offer new shares in EGX to increase its free float.
He revealed that, to offer more shares in EGX, there has to be political stability, EGX revival and availability of growth rates in telecommunication sector.
Source: Ahram Gate
