{"id":620719,"date":"2024-05-26T00:00:00","date_gmt":"2024-05-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/26\/digitize-moves-to-egxs-main-market-less-than-a-year-after-its-sme-market-debut\/"},"modified":"2024-05-26T00:00:00","modified_gmt":"2024-05-26T00:00:00","slug":"digitize-moves-to-egxs-main-market-less-than-a-year-after-its-sme-market-debut","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/26\/digitize-moves-to-egxs-main-market-less-than-a-year-after-its-sme-market-debut\/","title":{"rendered":"Digitize moves to EGX\u2019s main market less than a year after its SME market debut"},"content":{"rendered":"

Digitize pivots to the <\/strong>EGX\u2019s<\/strong> main market: <\/strong>ICT solutions firm Digitize for Investment<\/a>and Technology<\/a> has moved from the EGX\u2019s small and medium enterprises (SME) market to the main market, according to an ICT Ministry statement<\/a>. The move will give Digitize access to a wider financial market in a bid to fund the company\u2019s expansion plans, Chairman Yousry Atlm said.<\/p>\n

The company has come a long way: <\/strong>Digitize has grown its capital 8x since its debut<\/a>on the<\/a>SME market<\/a>in October<\/a>, Atlm told Asharq Business<\/a>, adding that the company\u2019s earnings have doubled over the past two years. <\/p>\n

About Digitize<\/strong>:<\/strong> Founded in 2015, Digitize offers a range of ICT solutions and engineering services that seek to aid its clients\u2019 digital transformation. These include communications infrastructure, cloud solutions, fiber optic cabin maintenance, and data center and surveillance solutions.<\/p>\n

The SME market is a launchpad for growth:<\/strong> Five companies have so far completed their transition from the SME market to the main market, bourse head Ahmed El Sheikh said. The SME market serves as a \u201cbusiness incubator\u201d where companies can list for 3 to 5 years as they work to raise capital and implement expansion plans that ultimately propel them to the main market, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Digitize has grown its capital 8x since its debut on the SME market<\/p>\n","protected":false},"author":1,"featured_media":620720,"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":[7303],"tags":[102,68,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-620719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-egx","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"27840306-ed3f-4f08-b673-3130ca1bb5a2","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1998.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Digitize moves to EGX\u2019s main market less than a year after its SME market debut","related_issue":[620704],"teaser":"Digitize has grown its capital 8x since its debut on the SME market","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.41b9ad6b-765d-4a09-bc28-e5c21a699151.mp3"},"yoast_head":"\nDigitize moves to EGX\u2019s main market less than a year after its SME market debut - 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The complex imaging process includes merges separate pictures in red, green, and blue light into a single, high-quality\u2026","rel":"","context":"In "Image of the Day"","block_context":{"text":"Image of the Day","link":"https:\/\/enterpriseam.com\/egypt\/category\/image-of-the-day\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/2105.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621672,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/finance-ministry-to-select-winning-company-to-digitize-tax-authority-mid-december\/","url_meta":{"origin":620719,"position":3},"title":"Finance Ministry to select winning company to digitize tax authority mid-December","author":"enterpriseam admin","date":"14 November 2018","format":false,"excerpt":"The Finance Ministry will reportedly select the winning company in its tender to digitize the Tax Authority by mid-December. Five unnamed companies are competing in the tender. Meanwhile, Finance Minister Mohamed Maait issued yesterday a decision requiring shops to begin using a tool linking its business records with the Tax\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563452,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/04\/another-efg-brokerage-chart-topping-month\/","url_meta":{"origin":620719,"position":4},"title":"Another EFG brokerage chart-topping month","author":"enterpriseam admin","date":"4 July 2021","format":false,"excerpt":"EFG Hermes topped the EGX\u2019s brokerage league table in June with a market share of 17.7%, according to the EGX\u2019s June brokerage firm rankings (pdf). Rounding out the top five: CI Capital (14.6%) Beltone (5.5%) Pioneers (4.7%) and Mubasher (4.3%).IN OTHER CAPITAL MARKET NEWS-The Central Bank of Egypt has launched\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543976,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/","url_meta":{"origin":620719,"position":5},"title":"FinMin looks to rollout B2B e-invoicing for Cairo by June, fully digitize tax system by December","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"All B2B invoices issued by businesses based in the Greater Cairo Area will be automated by June, director of taxpayer services at the Tax Authority Mohsen El Gayar told Enterprise.B2C invoices across the country will be fully automated by December, as will B2B invoices from firms in the Delta, Lower\u2026","rel":"","context":"In "Tax"","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/385.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=620719"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620719\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/620704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/620720"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=620719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=620719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=620719"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=620719"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=620719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}