NILEX - Nile Stock Exchange

Listing of Pharaoh tech for Control and Communication Systems

The Listing Committee held on 21/7/2010 has approved to list Pharaoh Tech for Control and Communication Systems on NILEX through its nominated advisor; White House Securities. The company's issued capital is LE 5,000,000 at a par value of LE 5 per share.

Listing of MISR KUWAIT INVESTMENT & TRADING CO.

The Listing Committee held on 21/7/2010 has approved to list MISR KUWAIT INVESTMENT & TRADING CO. on NILEX through its nominated advisor; White House Securities. The company's issued capital is LE 20,000,000 at a par value of LE 1 per share.

A Request from Pharaoh Tech for Control and Communication Systems for Listing on Nilex

Pharaoh Tech for Control and Communication Systems has submitted a listing request to be listed on Nilex through its nominated advisor; White House Securities, with an issued capital of LE 5,000,000 and a par value of LE 5 per share.

The Listing of RABYA - LANDSCAPING

The Listing Committee held on 14/7/2010 has approved to list RABYA - LANDSCAPING. The company's issued capital is LE 7,000,000, at a par value of LE 5 per share.

A Request of RABYA - LANDSCAPING for Listing on Nilex

RABYA - LANDSCAPING has submitted a listing request to be listed on Nilex through its nominated advisor; Grand Investment. The company?s issued capital is LE 7 million, with a par value of LE 5 per share.

A Request of Misr Kuwait Investment & Trading Co. for Listing on Nilex

Misr Kuwait Investment & Trading Co. has submitted a listing request to be listed on Nilex through its nominated advisor; White House Securities. The company's issued capital is LE 20,000,000, with a par value of LE 1 per share.

Raising the Maximum Capital of the Listed Companies on NILEX to LE 50 Million.

The Egyptian Financial Supervisory Authority (EFSA) has approved raising the maximum capital of the companies listed on Nilex to LE 50 million instead of LE 25 million. This is expected to attract more companies and would allow for more diversity in Nilex. Moreover, it'll give more financial institutions the opportunity to invest in NILEX during the coming period.

Listing of Intergroup Egyptian International Group for Construction Agriculture & Real Estate Development

The Listing Committee held on 16/6/2010 has approved to list Intergroup Egyptian International Group for Construction, Agriculture & Real Estate Development on NILEX through its nominated advisor; Grand Investment. The company's issued capital is LE 10,000,000, at par value of LE 1 per share.

EGX Allows Trading on AL Moasher for Programming and Information Dissemination and El-Barbary Investment Group

The Egyptian Exchange has decided to allow trading on both AL Moasher for Programming and Information Dissemination and El-Barbary Investment Group shares among the shares allowed to be traded on the Nile Stock Exchange (NILEX) effective Thursday, 3 June, after they met all the trading requirements. Consequently, the number of companies allowed to be traded in the Nile Stock Exchange has reached 10 companies.

Release to All Investors Regarding the Launch of NILEX

First:
NILEX, the Egyptian Exchange market for growing medium and small companies, will commence trading on Thursday 03/06/2010 trading session. The trading session will be daily from 11:00 a.m. till 12:00 p.m. to be closed automatically between11:50 a.m to 12:00 p.m.
Second:
The following securities are listed:

El Badr Plastic
Masria Card
TN Holdings for Investment
Kato Agriculture Development Co.
Utopia Real Estate Investment and Tourism
Ameco Medical Industries
International Company for Fertilizers and Chemicals
Al Oroba Trading Mining and Supplying
AL Moasher for Programming and Information Dissemination - trading will be suspended until it submits the disclosure report in accordance to the provisions set in this regard.
El-Barbary Investment Group (B.I.G) - trading will be suspended until it complies to the provisions of Article No. (45) of Law no.159 for year 1981.
Third:
The opening price on the first trading day (03/06/2010) will be the par value of the security.
Forth:
The market will be opened to put orders (bids) starting Tuesday, 01/06/2010 while all the current (bids) and (asks) on NILEX board will be cancelled before the end of Monday, 31/05/2010, working hours.
Fifth:
Bids and Asks will be allowed without price limits on all listed securities, and will continue adding the (bids) and (asks), without price limits until at least one transaction is executed. After which, a 20% price limit (up and down) will be set on the (bids) and (asks) of the trading price (the price which trading was executed on the previous session) starting the following session.

Trading on NILEX Starts within Few Days

In line with the imminent end of the listed companies fulfillment of NILEX listing rules which permits the trading of the company's shares, EGX management ? after a series of successful mock sessions with more than 2300 transactions in which all the listed brokers have participated- will commence the trading in the small and mid cap companies market starting Thursday 3rd of June. This is a step to allow the companies listed on NILEX to complete the offering of 10% of its shares in accordance with NILEX listing rules. In addition EGX asked the companies listed on NILEX to submit its disclosure reports to commence trading of its stocks according to the rules organizing the capital markets. The disclosure report should include the company's basic information, its area of activity, current investments, board members and their shares in addition to the financial situation of the company. Moreover, the Egyptian Exchange will publish the disclosure reports on the trading screens to allow all the investors to know the companies' financial status.
Trading on NILEX will allow the local and foreign investor for the first time in the MENA region to diversify their portfolio's to incorporate shares in small and medium companies.
The Chairman of EGX, Maged Shawky, announced that the trading session will take place daily from 11:00 a.m. to 12:00 p.m., and will follow an auction system style like the discovery session that is applied in the main market. In which the investors can enter their bid and ask offers any time during the last ten minutes in the session, and the transaction will be completed based on the price that ensures the highest volume traded. If more than one price matched the criteria, some other criteria is taken to choose form among the prices. The price which ensures that the least amount will be left unexecuted is to be chosen. If two prices are equated, in this case the average of the two prices is to be chosen. After the end of the session the orders that match the price are executed (from the orders given during the session). This criterion has been chosen due to the small size of these companies, as the auction system provides a better mechanism for trading and pricing these companies.
Meanwhile, Dr. Mohamed Omran, EGX Vice President, announced that trading on any company in NILEX, only during the first trading session will take place without any price limits and until the first trade takes place on any company. There after a 20% price limit will be implemented on the following sessions. Dr. Omran added that any investor can put bid and ask orders through the current brokerage firms exactly like the main market's system.
Not to mention that the companies listed on NILEX are listed companies subject to the same listing and disclosure rules imposed on the main market companies. NILEX witnessed the first listing in mid 2008, and since then several local and foreign funds showed interest to invest in the promising companies listed on NILEX which shows strong expected demand on the inception of trading.
NILEX has been launched ? the first of its kind in the MENA region- after the study of several successful foreign examples as a step to provide support for promising SMEs to achieve the required financing for growth and expansion to raise its competitive abilities and provide more employment opportunities.
Worth mentioning, that despite the global financial crisis, NILEX was able to attract 10 listings from several sectors, Industrial, Information Technology, Retail, Mining; in addition to Agriculture, Chemicals and Medical Industry.

The Egyptian Financial Supervisory Authority Decisions Regarding the Amendments in NILEX Rules

The Egyptian Financial Supervisory Authority (EFSA) has required the Nominated Advisor to issue a research coverage for the companies it sponsors. In addition, companies applying for listing on NILEX, and that have changed their legal status into joint stock companies, are exempted from publishing the disclosure report in accordance with Article no. 138 of the executive regulations of Law 159 of 1981. The companies are required instead to publish the disclosure report on the trading screens of the Exchange. Moreover, EFSA decided to remove the ceiling for the par value of the companies listed on NILEX.

A Request of Al Oroba Trading Mining and Supplying Company for Listing on Nilex

Al Oroba Trading Mining and Supplying Company has submitted a listing request to be listed on Nilex through its nominated advisor; First for Financial Consultancy. The company's issued capital is LE 3000000, with a par value of LE 2 per share

Listing of AL Moasher for Programming and Information Dissemination on Nilex

The Listing Committee held on 10/02/2010 has approved to list AL Moasher for Programming and Information Dissemination through its nominated advisor; White House Securities. The company's issued paid-up capital is LE 7,073,000, with a par value of LE 1 per share.

A Request of AL Moasher for Programming and Information Dissemination for Listing on Nilex

AL Moasher for Programming and Information Dissemination has submitted a listing request to be listed on Nilex through its nominated advisor; White House Securities. The company's issued capital is LE 7,073,000 with a par value of LE 1 per share.

The Listing of International Company for Fertilizers and Chemicals on Nilex

The Listing committee held on 13-01-2010 has approved to list International Company for Fertilizers and Chemicals on Nilex through its nominated advisor; First Financial Consultants for Securities. The company's issued capital is LE 20 million, with a par value of LE 2 per share.

A Request of International Company for Fertilizers and Chemicals for Listing on Nilex

International Company for Fertilizers and Chemicals has submitted a listing request to be listed on Nilex through its nominated advisor; First Financial Consultants for Securities. The company's issued capital is LE 20 million, with a par value of LE 2 per share.

The Listing of Ameco Medical on Nilex

The Listing Committee has approved the listing of Ameco Medical, through The National Bank of Egypt, on Nilex, pushing the number of companies listed on Nilex to 7 companies. The company's issued capital is LE 16.5 million, with a par value of LE 5 per share.

The Listing of the Sixth Company on Nilex

The Listing Committee has approved the listing of Kato Agricultural Development Co. on Nilex, pushing the number of companies listed on Nilex to 6 companies. Kato Agricultural Development Co. issued capital is LE 12 million.

A Request of Ameco Medical Industries for Listing on Nilex

Ameco Medical Industries submitted a listing request through The National Bank of Egypt to be listed on Nilex. The company's issued capital is LE 16.5 million, with a par value of LE 5 per share.

Minister of Investment Issues Decree Forming Nilex Advisory Committee

Within the framework of activating the Nile Stock Exchange (Nilex), Dr. Mahmoud Mohieldin, the Minister of Investment, has issued a decree to form the Nilex Advisory Committee under the chairmanship of Dr. Mohamed Mustafa Omran, EGX Vice Chairman. The Committee includes Mr. Gamal Fawzy Fatahallah, EGX Board Member, Mr. Mohamed Abdel Aziz, representative of the Ministry of Finance's SMEs Unit, Mr. Mohamed Farid, representative of the Ministry of Investment, Mr. Essam Ibrahim El-Qirsh, representative of the Social Fund for Development (SFD), Ms. Ghada El-Ghohary, representative of the Industrial Modernization Center (IMC), Ms. Reem El-Sa'di, representative of the General Authority for Investment (GAFI), and Mr. Essam Khalifa, representative of the Egyptian Investment Management Association (EIMA). It also includes Mr. Hamdi Rashad, representative of the Egyptian Businessmen Association, Mr. Mohamed Maher Mohamed Ali, representative of the Federation of Egypt Chambers of Commerce, Mr. Hassan El-Khatib, representative of the Egyptian Junior Business Association (EJB), Mr. Amr Rashad, representative of the companies listed on Nilex, Mr. Youssef El-Far and Mr. Abdel Karim Tawheed Hilal, representatives of the Nominated Advisors, and Ms. Heba El Serafi, the committee's reporter. Dr. Mohieldin stressed that given the big and important role played the SMEs in the Egyptian economy, the Committee will work on activating and developing the Nilex market and will streamline procedures to enable those SMEs receive necessary financing and increase their capital, by making use of the various expertise in the Committee, represented by the official bodies, institutions and organizations concerned with the SMEs. The Committee aims to develop plans and strategies for financing SMEs through the capital market, and to develop proposals that help removing the obstacles currently facing the market. This is in addition to a periodic review and assessment of the market. The committee will also promote the Nilex and publicize its activities within the business community. The Committee will hold its first meeting in the upcoming days in the presence of the Minister of Investment and chairmen of GAFI, the Egyptian Financial Supervisory Authority (EFSA) and EGX.

CMA Grants a New Nominated Advisor License

The Egyptian Financial Supervisory Authority has granted a new license for (The Roots Holding for Financial Investment) to be a nominated advisor for medium and small companies that desire to be listed in Nile Stock exchange, rising up the number of licensed nominated advisors to 23 companies.

Youtopia (AMOC.CA) Reports 9 Months Results

Company Name : Youtopia
ISIN Code : EGS655Y1C017
Currency : LE
F/S Period : From 01/01/2009 to 01/09/2009
Net Loss : 789,980
F/S Period: From 01/01/2008 to 01/09/2008
Net Comparative Profit : 6,414,833
Audit Status : Reviewed
Source : Youtopia

The Listing of Two New Companies on Nilex

The Listing Committee has approved the listing of BIG for Trade and Investment and Utopia Real Estate Investment and Tourism on Nilex, pushing the number of companies listed on Nilex to 5 companies. Utopia Real Estate Investment and Tourism issued capital is LE 5 million, while BIG for Trade and Investment issued capital is LE 3 million.

A Request of UTOPIA for Listing on Nilex

UTOPIA has submitted a listing request to be listed on Nilex through its nominated advisor; Grand Investment. The company's issued capital is LE 5 million, with a par value of LE 5 per share.

A Request of Barbary Investment Group for Listing on Nilex

Barbary Investment Group has submitted a listing request to be listed on Nilex through its nominated advisor; White House Securities. The company's issued capital is LE 3 million, with a par value of LE 1 per share.

The Establishment of the First Direct Investment Fund for Small and Medium Size Enterprises (Source: El Ahram)

The Industrial Modernization Center (IMC), together with CI Capital company have signed an agreement to establish the first direct investment fund, with a capital of LE 250 million, to finance small and medium size enterprises, which have annual sales ranging between LE 15 and 120 million.

A 6-Month Grace Period Granted for the Companies Listed on NILEX to Conform to the Listing Rules

The CMA Board of Directors has decided to grant all mid and small cap companies listed on NILEX a 6-month grace period, ending 31/12/2009, to conform to NILEX listing rules issued by the CMA Board of Directors' decision No. 62/2007.

CMA Grants Three New Nominated Advisors Licenses

The Capital Market Authority has granted three licenses for The Financial Consultancy House for Securities, Delta Holding for Financial Investment and First for Financial Consultancy to be nominated advisors for medium and small companies that desire to be listed in Nile Stock Exchange. Consequently the number of nominated advisors has reached 22.

Banque Du Caire Removes the Finance Ceilings for NILEX Listed Companies (Source: El Mal)

Banque du Caire has set a new mechanism for financing companies listed on Nilex, whereby no limits will be imposed on financing those companies, provided that the financial structure of the company allows it to fulfill its payment obligations.

Bassel El Hinny, Banque du Caire Executive Vice President, highlighted that the companies' fulfillment to the Nilex listing requirement is considered as a passport to enjoy these privileges.

The African Development Bank (AFDB) Provides a US$ 40 million Loan to Develop Franchise Businesses in Egypt (Source: Amcham)

The African Development Bank (AFDB) provided a US$ 40 million loan to finance a program which supports the development of franchise businesses in Egypt. The program seeks to promote franchising in Egypt as an effective business strategy for private sector development and SME growth. It will contribute to economic growth, jobs creation, and further expansion of the franchising business.

CMA Grants a New Nominated Advisor License

The Capital Market Authority has granted a new license for ALG Financial Consultants and Securities to be a nominated advisor for medium and small companies that desire to be listed in Nile Stock Exchange. Consequently the number of nominated advisors has reached nineteen

For more information about Nilex and the complete list of nominated advisors? please click here

CMA Grants A New Nominated Advisor License

The Capital Market Authority has granted a new license for Gabalex Holding for Investment to be a nominated advisor for medium and small companies that desire to be listed in Nile Stock Exchange. Consequently the number of nominated advisors has reached eighteen.

For more information about Nilex and the complete list of nominated advisors? please click here

A Request of Two Companies for Listing on Nilex

Kato Agriculture Development and Gurantee For Securities Exchange submitted their applications to be listed on Nilex, with an issued capital of LE 12 million each.

CMA Grants Five New Nominated Advisors Licenses

The Capital Market Authority has granted new licenses for five institutions to be nominated advisor for medium and small companies that desire to be listed in Nile Stock Exchange. Consequently the number of nominated advisors has reached seventeen.

For more information about Nilex and the complete list of nominated advisors? please click here

CMA Grants a New Nominated Advisor License

The Capital Market Authority has granted a new license for M.H for Financial Consultancy to be a nominated advisor for medium and small companies that desire to be listed in Nile Stock Exchange. Consequently the number of nominated advisors has reached thirteen.

For more information about Nilex and the complete list of nominated advisors? please click here

CMA Grants Two New Nominated Advisors Licenses

The Capital Market Authority has granted two licenses for Sigma Capital group and Misr Holding to be nominated advisors for medium and small companies that desire to be listed in Nile Stock Exchange. Consequently the number of nominated advisors has reached twelve.

For more information about Nilex and the complete list of nominated advisors? please click here

The Listing of the Third Company on Nilex

The Listing Committee has approved the listing of T N Holdings for Investment on Nilex through its nominated advisor (Naeem Financial Investments), with an issued capital of almost LE 20 million.

First Two Companies Listed on Nilex

The listing committee has approved the listing of Masria Card and El-Badr Plastic companies on Nilex through their nominated advisor (Naeem Financial Investments). Masria Card issued capital is almost LE 10.8 million while El-Badr Plastic issued capital is LE 1.7 million.

CMA Grants Two New Nominated Advisors Licenses

The Capital Market Authority has granted two licenses for International Investment Advisor, a subsidiary of Pioneers Holding, and Prime Capital, to be nominated advisors for medium and small companies that desire to be listed in Nile Stock Exchange. Consequently the number of nominated advisors has reached ten.

For more information about Nilex and the complete list of nominated advisors? please click here

A Request of T. N. Holdings for Listing on Nilex

T. N. Holdings has submitted a listing request to be listed on Nilex through its nominated advisor; Naeem Financial Investments. The company's issued capital is LE 20 million.

A Request of El-Badr Plastic for Listing on Nilex

El-Badr Plastic has submitted a listing request to be listed on Nilex through its nominated advisor; Naeem Financial Investments. The company's issued capital is LE 1.7 million with a par value of LE 5 per share.

A Request of the First Company for Listing on Nilex

Masria Card submitted the first application to be listed on Nilex through its nominated advisor (Naeem Financial Investments). The company?s issued capital is almost LE 10.8 million with a par value of LE 5 per share.

CMA Grants the First Two Nominated Advisors Licenses

The Capital Market Authority has granted the first two licenses for two institutions to be nominated advisors for medium and small companies that desire to be listed in Nile Stock exchange.

For more information about Nilex and the complete list of nominated advisors? please click here

CMA Grants Three New Nominated Advisors Licenses

The Capital Market Authority has granted a new licenses for three institutions to be nominated advisors for medium and small companies that desire to be listed in Nile Stock Exchange.

For more information about Nilex and the complete list of nominated advisors? please click here

CMA Grants a New Nominated Advisor License

The Capital Market Authority has granted a new licenses for (CI Capital Investment Banking) to be a nominated advisor for medium and small companies that desire to be listed in Nile Stock exchange, rising up the number of licensed nominated advisors to six companies.

For more information about Nilex and the complete list of nominated advisors? please click here

CMA Grants Two New Nominated Advisor Licenses

The Capital Market Authority has granted two new licenses for ?Amwal company, one of Pioneers Holding?s Subsidiaries, and Professionals Financial Consultancy company to be nominated advisors for medium and small companies that desire to be listed in Nile Stock Exchange, rising up the number of licensed nominated advisors to eight companies.

For more information about Nilex and the complete list of nominated advisors? please click here