The stock exchange is holding consultations with 79 companies to familiarize them with the benefits of registration

Economy and stock exchange

The Egyptian Stock Exchange held consultations with 79 companies in more than 10 economic sectors since October 2018, as part of its intensive efforts during the last period to promote the registration of new companies in the stock exchange since the launch of a new system "CRM"To follow up on the target companies listing their shares on the stock exchange.

This comes only after 8 months of development and launch of the new system "CRM" Client Relation Management To follow up the target companies to register their shares on the stock exchange by collecting data of companies that carry out the transfers of ownership on the off-the-board market in the stock exchange, and the companies registered with the Central Depository System of Misr Clearing Company and the companies registered in the records of the General Authority for Investment through cooperation between the Egyptian Stock Exchange, Misr Clearing Company and the General Authority for Investment.

According to a recent report issued by the Egyptian bourse on the performance of the new system "CRM" The target companies are listed in the real estate, pharmaceutical, energy, gas, oil, food processing, technology, media, industrial products and services sectors and vehicles.

The report divided the companies into 3 departments, companies showed a positive interest in listing on the stock exchange and companies that have a medium desire to need more knowledge and understanding and companies have a desire but believe that the current time is not suitable for the listing.

Where the number of companies that showed a positive interest in the bourse about 17 companies, where some of them began to take serious steps towards studying the process of registration and placement in coordination with investment banks.

While the number of companies with a medium desire and looking at the feasibility and timing of entry and placing on the stock market about 17 companies, as for companies that believe that the current time is not appropriate but still has a future desire to register Faisal number to 20 companies.

During the consultations conducted by the stock exchange, some 25 companies indicated their unwillingness to register in the stock exchange.

While the average capital of the target companies listed in the bourse tables nearly 700 million pounds.

The ASE is working as part of its efforts to attract new companies to be listed on the stock exchange according to the new system"CRM" To build a large database of the majority of companies that have a desire to enter the stock exchange, by communicating directly with these companies to familiarize them with the advantages and procedures and regulations of listing on the stock exchange.

The new system, developed and launched by the stock exchange, aims to select companies, offer advantages and procedures of listing on the stock exchange and provide technical consultations. As a result of this connection, the system is registered on the system to follow up the company in terms of : –

To be contacted again as presented to the contact person of the company until the presentation to the executive management of the company, with an e-mail containing all the simplified manuals for the steps and procedures and advantages of listing on the stock exchange.

An appointment is then made to meet the executive management of the company with the team responsible for promoting the listing of the stock exchange to learn more about the advantages and procedures of registering and responding to the company's inquiries about the regulatory framework for the registration and subtraction process in terms of rules and schedule.

This system is followed up after registration of each connection or received any communication until a final decision from the company in terms of response or non-response.

If the company responds to the record, the data is transferred to another account within the same system under the name of a preliminary check and check.

In the case of completion of the examination and presentation of the position of the company to the Committee on the stock exchange and approval of the registration of shares are transferred to another system called the registration system.

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