The Egyptian Stock Exchange decided to exempt the first 20 small and medium-sized companies wishing to be registered in the market from some administrative fees associated with the listing procedures.
According to the decision, the exemption includes fees for reviewing and examining registration applications, adding securities to the stock exchange tables, etc As well as fees for publishing financial statements, in accordance with the rules regulating the capital market.
The decision comes as part of efforts aimed at encouraging small and medium-sized companies to enter the stock market, and providing them with greater opportunities to obtain financing through the capital market.
The initiative requires that it be The companies are among the companies nominated by the Micro, Small and Medium Enterprises Development Agency, and must meet the registration requirements and submit the necessary documents before the specified date.
Through this step, the Stock Exchange seeks to increase the number of listed companies and expand the financing base Available to small and medium-sized companies, in parallel with the reforms taking place in the Egyptian financial market.
