The Egyptian Stock Exchange fines 10 companies 5,000 pounds for violating the listing rules


The Egyptian Stock Exchange’s listing committee decided, in its session held today, Wednesday, to sign a financial commitment of 5,000 pounds on 10 companies for violating the provisions of Article 46 and Article 47 of the rules for listing and writing off securities, in light of the provisions of Article 64 of the executive procedures for the rules for listing and writing off securities.

The committee gave the companies a period of 15 days from the date of expiry of the deadline, to provide the ASE with the quarterly financial statements for the financial period ending on 30/06/2022, in light of the provisions of Article 64 of the executive procedures for the rules for listing and delisting securities.

The list of companies that were fined included: Golden Pyramids Plaza, Speed ​​Medical, Citadel Capital Consulting, Egyptian Building Industry Development (Lift Slab Egypt), Arabia and Bolvara Spinning and Weaving, Wadi International for Investment and Development, Golden Coast Sokhna for Tourism Investment, GMC For Industrial and Commercial Financial Investments, General Tours, Maritime & Petroleum Services – Maridive.

The committee also decided to transfer the trading of the shares of the International Company for Medical Industries – IKME from List D to List A, as of the beginning of the trading session tomorrow, Thursday, in light of the company sending the minutes of the company’s board of directors meeting in its session held on 08/14/2022. (Authenticator) The company sends the notarized minutes of the Ordinary General Assembly meeting held on 17/09/2022.

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