The Egyptian Exchange (EGX), Dr. Mohamed Omran – Chairman, will be launching on July 9th NILEX’s Annual Day on upgrading the role of the stock market of Small and Medium Enterprises (SMEs). The NILEX’s Annual Day aims at the growth of the market through attracting potential companies to list and benefit from NILEX as their source of financing. On this day, the participants plan to shed light on the points of attraction as well as hindrances of growth for the market.
During this day, top 10 listed companies will be presenting their performance since listing in NILEX plus the benefits they gained from listing.
The Nominated Advisors, regulatory authorities and mutual funds along with a number of companies, which seek listing in the NILEX, will be attending the day.
NILEX is the Egyptian Exchange market for growing SMEs of which the capital does not exceed EGP 50 million. NILEX offers an appropriate, secure, yet flexible regulatory framework for both companies and investors. Established end of 2007, NILEX is the first stock market whose target is to support and develop SMEs in Middle East and North Africa (MENA) region, providing them with the required finance for growth and expansion so as to raise their competitiveness and offer more job opportunities.
NILEX was launched 3 years ago starting with 9 listed companies reaching 20 listed companies by June 2012. Despite the turbulence Egypt has been facing because of the Egyptian revolution in 2011, NILEX still has been appealing as a source of funding for many companies where 5 companies got listed on NILEX board in 2011. Moreover, it could sustain its performance in 2011 reaching 2012 by a market capitalization of EGP 1.3 billion by the end of May compared to EGP 262 million on its first day of trading.
