Mohamed Omran, chairperson of the Egyptian stock exchange (EGX), said that there is a trend to amend Article No. 24 of the Capital Market Law, which involves the charges of registering companies in EGX. This would reduce registration fees for small and medium enterprises (SMEs), consequently facilitating their registration in the Nile Stock Exchange (NILEX). The number of companies registered in it until the end of 2016 reached 32, with a total capital of EGP 1.3bn,” Omran said. He added that 21 of these companies have increased their capital through NILEX, with an amount worth EGP 200m.

Source: Daily News Egypt March 20, 2017 11:03 UTC