CAIRO: The Cairo and Alexandria Stock Exchange’s Listing Committee held on Nov. 21 decided to grant two companies a grace period of 10 days effective Nov. 22 to send their financial statement “for the period that ended on Sept. 30, Case said in a press statement.
The two companies – General Company for Land Reclamation, Development & Reconstruction and Shorouk for Modern Printing and Packaging – will be suspended for one month effective from the date of informing them with the committee’s decision.
“Those companies will be suspended for one month effective from the date of informing them with the Listing Committee decision and if they don’t comply with the decision their position will be presented to the Listing Committee, Case said in the statement.
Other companies were given a grace period of 15 days to submit the required financial statement attached by the Central Authority for Accountancy Report.
The five companies – National Cement, Memphis Pharmaceuticals, Cairo Pharmaceuticals, Rakta Paper Manufacturing, and Nile Matches – were also given a one-month suspension effective from the date of notification.
The listing committee had also decided to grant 12 companies a grace period of 15 days effective Nov. 22 to send their Central Authority for Accountancy Report. The companies are Saudi Egyptian Investment & Finance, National Housing for Professional Syndicates, Telecom Egypt, Egyptian Satellites (NileSat), Ismailia Misr Poultry, Upper Egypt Flour Mills, East Delta Flour Mills, Egyptian Media Production City, Rowad Tourism (Al Rowad), Egyptian Real Estate Group, National Navigation, and EL Ezz Aldekhela Steel – Alexandria.
The same committee had also granted Mena Touristic & Real Estate Investment a grace period of 15 days effective from Nov. 21 to send its consolidated financial statement “for the period ended June 30.
