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The Stock Exchange Listing Committee gives 17 companies a deadline to submit quarterly financial statements



The Egyptian Stock Exchange’s listing committee decided, in its session held yesterday, Wednesday, to grant 17 companies an additional 15-day deadline from the date of the first deadline expiry, in accordance with the decision of the Financial Supervisory Authority issued on May 6, 2021, provided that the non-compliant companies are presented to the listing committee to implement their affairs, and that In accordance with the provisions of Article 46 of the rules for listing and delisting securities on the Egyptian Stock Exchange and Article 64 of the executive procedures for the rules for listing and delisting of securities related to preparing and submitting to the EGX the quarterly financial statements.
 
The list of companies addressed to the stock exchange included; Orascom Investment Holding, Wadi International for Investment and Development, Golden Coast Sokhna for Tourism Investment, Dice Readymade Garments, Construction and Engineering Consultation (sent independent), BIG for Trade and Investment, Arab Rocks for Plastic Industries, Acrow Misr for Formwork and Metal Scaffolding, Ajwa for Food Industries - Egypt ( Sent the Independent), Maritime and Petroleum Services - Maridive, Citadel Capital Consulting, Al Ahly Development and Investment, Nile City Investment, Arab Direct Real Estate Investment Fund, Architectural Engineering Industries for Construction and Development - Icon, Modern Shorouk Printing and Packaging, ASEC Mining - Ascom.
 
The committee also decided to list and trade the shares of Marsa Marsa Alam Tourism Development Company, to List D, as of the beginning of the trading session on Sunday, June 20, in light of the insufficiency of a business plan for the company’s activity, which had to be prepared and disclosed in order to preserve the rights of shareholders in light of Updates on the board of directors.
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