{"id":601724,"date":"2019-03-07T03:49:26","date_gmt":"2019-03-07T03:49:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/egx-committee-asks-unb-to-speed-up-delisting-procedures\/"},"modified":"2019-03-07T03:49:26","modified_gmt":"2019-03-07T03:49:26","slug":"egx-committee-asks-unb-to-speed-up-delisting-procedures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/egx-committee-asks-unb-to-speed-up-delisting-procedures\/","title":{"rendered":"EGX committee asks UNB to speed up delisting procedures"},"content":{"rendered":"<p>The EGX listing committee has asked Union National Bank Egypt to expedite efforts to complete procedures for its delisting from the stock market by 30 June at the latest, it <a href=\"https:\/\/ent.news\/2019\/3\/450.pdf\">said in a statement (pdf)<\/a>. The committee urged the bank to purchase shares from affected shareholders at a fair value determined by an independent financial advisor. UNB agreed to a voluntary delisting last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX listing committee has asked Union National Bank Egypt to expedite efforts to complete procedures for its delisting from the stock market by 30 June at the latest, it said in a statement (pdf). The committee urged the bank to purchase shares from affected shareholders at a fair value determined by an independent financial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[204,2372,102,68,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601724","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-capital-markets","tag-egx","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"347a967b-1f6f-42f3-8ef2-8c5107d13c23","is_powered_by":true,"section_story_id":"4929bd26-b5c3-43de-a5ee-5687d439153d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601688],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGX committee asks UNB to speed up delisting procedures - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/egx-committee-asks-unb-to-speed-up-delisting-procedures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX committee asks UNB to speed up delisting procedures\" \/>\n<meta property=\"og:description\" content=\"The EGX listing committee has asked Union National Bank Egypt to expedite efforts to complete procedures for its delisting from the stock market by 30 June at the latest, it said in a statement (pdf). 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The company will take itself private once it purchases shares of affected shareholders at a fair value and obtains final approval from the committee. 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The company is now authorized to gradually delist shares from the EGX in one week intervals until 31 January,\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625867,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/egx-approves-national-cement-company-delisting\/","url_meta":{"origin":601724,"position":2},"title":"EGX approves National Cement Company delisting","author":"enterpriseam admin","date":"16 August 2018","format":false,"excerpt":"The EGX approved yesterday the National Cement Company\u2019s request to delist its 103.2 mn shares, according to an EGX statement.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594797,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/","url_meta":{"origin":601724,"position":3},"title":"GTH completes delisting process from Egypt\u2019s stock market","author":"enterpriseam admin","date":"8 September 2019","format":false,"excerpt":"Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn) for a total of EGP 176.4 mn or EGP 5.08 per share, the Egyptian Exchange said, according to Dostor. 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