{"id":628787,"date":"2018-05-14T04:10:12","date_gmt":"2018-05-14T04:10:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/14\/nine-companies-including-orange-egypt-face-mandatory-delisting-by-mid-june\/"},"modified":"2018-05-14T04:10:12","modified_gmt":"2018-05-14T04:10:12","slug":"nine-companies-including-orange-egypt-face-mandatory-delisting-by-mid-june","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/14\/nine-companies-including-orange-egypt-face-mandatory-delisting-by-mid-june\/","title":{"rendered":"Nine companies, including Orange Egypt, face mandatory delisting by mid-June"},"content":{"rendered":"

Nine companies, including Orange Egypt, face mandatory delisting by mid-June:<\/strong> 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)<\/a>. Three of these companies \u2014 El Shams Pyramids for Hotels and Touristic Projects, Nile City Investments, and Alex Container and Cargo Handling \u2014 are currently making progress on meeting the requirements. Union National Bank, Samcrete, Al Orouba Company for Mining & Trading, Incolease, and Rowad Misr Tourism Investment are at risk of mandatory delisting, which the bourse will decide on at a meeting on 12 June if they fail to meet the requirements. The lawyers are still looking at Orange Egypt: The mobile network operator had said back in January it is \u201cexamining all options\u201d to increase its freefloat to at least the minimum, which the company said is dependent on market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 and Touristic Projects, Nile City […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628787","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0f56b2f9-64ab-40dc-85d3-cf83de55f580","order":"0","is_powered_by":true,"section_story_id":"8a9e4de0-d1f1-4688-b6db-69a9c70d6e39","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628771],"teaser":"","voice_url":""},"yoast_head":"\nNine companies, including Orange Egypt, face mandatory delisting by mid-June - 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\/05\/14\/nine-companies-including-orange-egypt-face-mandatory-delisting-by-mid-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nine companies, including Orange Egypt, face mandatory delisting by mid-June\" \/>\n<meta property=\"og:description\" content=\"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). 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The EGX had given companies until the end of 2019 to meet the new requirements before facing mandatory delisting. 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