Eagle to complete New Castle listing in Egypt SME bourse before Q3-end

Eagle plans to complete offering 20 percent share in New Castle for Sports Investments on country's SME bourse; NILEX before end of current quarter.

Gehad Abdel Ghany, Amwal Alghad

July 17, 2016

EGYPT EQUITIES

PHOTO

17 July 2016
Egypt-based financial adviser, Eagle plans to complete offering 20 percent share in New Castle for Sports Investments Company on the country's SME bourse; NILEX before the end of the current quarter.

Yasser Emara, Chairman of Eagle, further told Amwal Al Ghad on Wednesday that the company would offer their shares on NILEX with capitalisation worth 4.5 million Egyptian pounds ($507,085).

NILEX is the Egyptian Exchange market for growing medium and small companies, set up in 2007 to allow SME's to raise funds outside bank loans. More than 30 companies are currently listed on Nilex.