The Egyptian Exchange (EGX) administration has decided to suspend trading for the NILEX-listed BIG Investment and Trade (BIGP) starting from Tuesday awaiting the firm’s comments on the news published by one of the newspapers regarding listing its stock in NASDAQ.
It is worth noting that on March 26th, BIG Trade and Investment’s Board of Directors decided to apply for initial listing in NASDAQ.
BIG’s Chairman Mansour El Barbary was mandated to start negotiations with one of the companies that are traded in the USA through sponsored ADRs and with one of the US law firms so as to start applying for initial listing in NASDAQ.
B.I.G. – ElBarbary Investment Group, founded in 2008, is a holding company and global provider of automotive auto parts‚ original equipment manufacturer (OEM)‚ automotive feed products and aftermarket spare parts.
