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The Cairo & Alexandria Stock Exchanges, in collaboration with Eitesal Association, held yesterday, 15 April 2008, a workshop for Mid & Small ICT companies, highlighting the benefits of getting listed on Nilex; the newly launched mid and small cap market in the stock exchange. The workshop was attended by representatives from almost 70 ICT companies, who are interested to tap the stock market to raise capital for the expansion and development of their businesses, together with the nominated advisors as well as a number of ICT associations, funding agencies and major projects for SMEs.
Mr. Maged Shawky, Chairman of CASE, highlighted the exchange strategic objectives in establishing a new market for mid & small cap companies, which should provide a large segment of SMEs with an access to long term finance to grow and expand their businesses to create more competitive entities in both domestic and international markets. The workshop also addressed the regulatory framework governing Nilex.
From another perspective, a group of nominated advisors also emphasized their role in assisting the companies on different fronts; including, but not limited to, the company's internal restructure together with the company's fulfillment to the listing and disclosure rules.
This workshop came within a series of meetings and seminars which are planned to be held by CASE in the upcoming period, aiming at putting the nominated advisors along with the mid & small cap companies.
Worth mentioning that CASE new market for medium and small enterprises (NILEX) was launched at the end of 2007. To date, eight companies have been granted an approval from the Capital Market Authority to act as Nominated Advisor and the first company will be soon listed on Nilex.
For further information about Nilex, please visit the following link: http://nilex.egyptse.com
