Samcrete to delist from EGX by year’s end, plans to relist subsidiaries once ready to meet new EGX requirements

Construction outfit Samcrete is planning to delist from the EGX before year’s end, with plans to float shares again from at least two of its subsidiaries once the company readies itself to meet a number of amended listing requirements, CFO Sameh Wahib tells Al Mal. The company had been facing mandatory delisting since March this year, when the Financial Regulatory Authority raised the minimum requirement for free float to 25% from 10%.