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CAIRO – The Egyptian Stock Exchange (EGX) Listing Committee approved the listing of Foori Technologies shares for banks and electronic payments with a capital of 353.65 million Egyptian pounds distributed among 707.3 million shares a par value of 50 piastres per share. .
The stock market announced Monday in a statement that it would list the company's shares in the database as of next Monday (July 27), at the end of the registration period of 5 working days, as follows: (p.1 – p.8) 707 304 120 Actions.
She explained that the announcement came to an end on Sunday, July 28, in accordance with Article 6 (2) of the Enforcement Procedure regarding registration rules and continued registration and delisting.
The Committee noted that the Company is obliged to submit MCDC's letter stating that the major shareholders must retain at least 51% of their shares in the capital of the Company as and when they become available, provided that the total of shares held is less than 25%. 25% of the contributions of the board of directors, the founders or others are completed.
For a period of at least two fiscal years from the date of the public offering, the same percentage will be retained for any increase in the capital of the Company during the same period, with the exception free shares.
He added that the initial public offering would be divided into two segments: the first private placement of 31% and the second public offering of savings of 5%.
Foori's CFO said the deal should also be finalized in August.
Vice President of the National Bank of Egypt (NBE) revealed that the bank acquired Sunday a 7% stake in the shares of the private equity firm Furi.
In a telephone conversation with Mubasher, Yahya Abul Fotouh did not specify the total value of the transaction.
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