The Egyptian Exchange (EGX) Listing Committee agreed in its meeting on the request of Qatar National Bank of capital increase.
In this context, Dr. Mohammad Omran, EGX chairman, said that approval of the listed company request came after less than 24 hours of receiving the request. This is considered as the first approval after applying the recent listing and delisting amendments that transferred the competence to approve the disclosure reports that assist in performing capital amendments for EGX management.
He stated that the completion speed to express the opinion comes as per EGX caution for all customers' interests and to reduce any unwanted effects in case of delayed decision-taking as well as meeting all of the required disclosures by the applicant company.
