{"id":626023,"date":"2018-08-28T03:41:19","date_gmt":"2018-08-28T03:41:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/"},"modified":"2018-08-28T03:41:19","modified_gmt":"2018-08-28T03:41:19","slug":"samcrete-general-assembly-approves-voluntary-delisting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/","title":{"rendered":"Samcrete general assembly approves voluntary delisting"},"content":{"rendered":"<p>Construction firm Samcrete Egypt\u2019s general assembly has approved voluntary delisting from the EGX, after failing to meet <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/29\/fra-approves-new-listing-regs-that-raise-freefloat-requirement\/\">amended EGX listing requirements<\/a>, <a href=\"https:\/\/www.youm7.com\/story\/2018\/8\/27\/%D8%B9%D9%85%D9%88%D9%85%D9%8A%D8%A9-%D8%B3%D8%A7%D9%85%D9%83%D8%B1%D9%8A%D8%AA-%D9%85%D8%B5%D8%B1-%D8%AA%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B4%D8%B7%D8%A8-%D8%A7%D9%84%D8%A7%D8%AE%D8%AA%D9%8A%D8%A7%D8%B1%D9%89-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9\/3926317\">reports Youm7<\/a>. The EGX had given companies until the end of 2019 to meet the new requirements before facing mandatory delisting. Samcrete <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/25\/samcrete-to-delist-from-egx-by-years-end-plans-to-relist-subsidiaries-once-ready-to-meet-new-egx-requirements\/\">announced in July<\/a> its plans to voluntarily delist and float shares again once it meets the new regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction firm Samcrete Egypt\u2019s general assembly has approved voluntary delisting from the EGX, after failing to meet amended EGX listing requirements, reports Youm7. The EGX had given companies until the end of 2019 to meet the new requirements before facing mandatory delisting. Samcrete announced in July its plans to voluntarily delist and float shares again [&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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626023","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"7cf88191-3026-4ff2-9d89-223c55532a96","order":"0","is_powered_by":true,"section_story_id":"d9757296-3e44-444a-a04b-59f84fb95102","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625991],"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>Samcrete general assembly approves voluntary delisting - 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\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samcrete general assembly approves voluntary delisting\" \/>\n<meta property=\"og:description\" content=\"Construction firm Samcrete Egypt\u2019s general assembly has approved voluntary delisting from the EGX, after failing to meet amended EGX listing requirements, reports Youm7. The EGX had given companies until the end of 2019 to meet the new requirements before facing mandatory delisting. Samcrete announced in July its plans to voluntarily delist and float shares again [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-28T03:41:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Samcrete general assembly approves voluntary delisting\",\"datePublished\":\"2018-08-28T03:41:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/\"},\"wordCount\":67,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/samcrete-general-assembly-approves-voluntary-delisting\/\",\"name\":\"Samcrete general assembly approves voluntary delisting - 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The company had been facing\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628787,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/14\/nine-companies-including-orange-egypt-face-mandatory-delisting-by-mid-june\/","url_meta":{"origin":626023,"position":1},"title":"Nine companies, including Orange Egypt, face mandatory delisting by mid-June","author":"enterpriseam admin","date":"14 May 2018","format":false,"excerpt":"Nine companies, including Orange Egypt, face mandatory delisting by mid-June: Nine companies have yet to meet the EGX\u2019s listing requirements on the minimum required number of shareholders, shares, or shares in freefloat, according to a statement from the EGX (pdf). Three of these companies \u2014 El Shams Pyramids for Hotels\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596463,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/global-telecom-shareholders-approve-voluntary-delisting-from-egypts-bourse\/","url_meta":{"origin":626023,"position":2},"title":"Global Telecom shareholders approve voluntary delisting from Egypt\u2019s bourse","author":"enterpriseam admin","date":"28 August 2019","format":false,"excerpt":"Global Telecom Holding (GTH) shareholders approved the company\u2019s voluntary delisting during an extraordinary general assembly meeting on Monday, GTH said in a statement to the EGX (pdf). The company will buy back shareholders\u2019 shares at EGP 5.08 apiece.","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595649,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/union-national-banks-bod-approves-voluntary-delisting-from-egypts-exchange\/","url_meta":{"origin":626023,"position":3},"title":"Union National Bank\u2019s BoD approves voluntary delisting from Egypt\u2019s exchange","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"Union National Bank\u2019s board of directors has approved a decision to voluntarily delist the bank\u2019s shares from the EGX and purchase the minority shareholders' shares at their fair value, according to a bourse disclosure (pdf). The board has called for an extraordinary general assembly meeting to vote on the delisting\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626071,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/29\/orange-egypts-board-of-directors-approves-voluntary-delisting-proposal\/","url_meta":{"origin":626023,"position":4},"title":"Orange Egypt\u2019s board of directors approves voluntary delisting proposal","author":"enterpriseam admin","date":"29 August 2018","format":false,"excerpt":"Orange Egypt\u2019s board of directors approved the company\u2019s proposal for voluntary delisting during its meeting on Monday, according to a statement to the EGX (pdf). Orange had been facing mandatory delisting since the beginning of the year for failing to meet the EGX\u2019s amendments on the required number of freefloat\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602651,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/national-company-for-maize-products-shareholders-approve-voluntary-delisting\/","url_meta":{"origin":626023,"position":5},"title":"National Company for Maize Products shareholders approve voluntary delisting","author":"enterpriseam admin","date":"2 April 2019","format":false,"excerpt":"Shareholders of the National Company for Maize Products have approved to voluntarily delist from the EGX, according to a bourse disclosure (pdf).","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626023","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=626023"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626023\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625991"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626023"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626023"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}