Siegwart Applies for Listing on the Egyptian Exchange with EGP 1.2 Billion Capital

The Egyptian Exchange (EGX) Listing Department announced that it has received an application to list the shares of the Egyptian Company for Pipes and Cement Products (Siegwart) on the main market, with an issued capital of EGP 1.2 billion, distributed over 120 million shares at a nominal value of EGP 10 per share. In the same context, the EGX has also received listing applications from five additional companies on the main market: El-Nahda for Industries, Egyptian Ferro Alloys, El Nasr Mining, Alexandria Refractories, and El Nasr Glass & Crystal. The total issued capital of these companies is close to EGP 2 billion, reflecting the government’s direction toward expanding public offerings and stimulating the Egyptian capital market. According to the EGX daily report, all submitted applications are currently under review by the Listing Department, with required documents and procedures being completed in preparation for presentation to the Listing Committee for final approval. Data shows that Egyptian Ferro Alloys has an issued capital of approximately EGP 300 million (30 million shares), while El-Nahda for Industries has an issued capital of EGP 756 million (75.6 million shares). El Nasr Mining recorded an issued capital of EGP 600 million (60 million shares), while Alexandria Refractories reached EGP 196.8 million (19.7 million shares). Meanwhile, El Nasr Glass & Crystal has an issued capital of EGP 100 million, distributed over 10 million shares, all with a nominal value of EGP 10 per share.