El Dokany announced that the stock exchange's board of directors is going to terminate the EGX50 index, and intends to announce an index that complies with the provisions of Islamic Sharia soon.
Rami El Dokany, Executive Chairman of The Egyptian Exchange (EGX), stated that an energy firm will be listed within two weeks, in a recent interview with CNBC Arabia.
El Dokany announced that the stock exchange's board of directors is going to terminate the EGX50 index, and intends to announce an index that complies with the provisions of Islamic Sharia soon.
EGX Chairman also said that listing of the Lotus Agriculture Development represents the first offering in the small companies market this year. He also confirmed that the EGX is in discussions with many other private companies.
The Sovereign Fund of Egypt (TSFE) head Ayman Soliman, also stated earlier today that TFSE is eager to strengthen its cooperation with the private sector, with the aim of increasing its participation in development efforts and maximizing returns from state-owned assets.
