Launch of Nilex Stock Exchange – 3rd June 2010
Launch of Nilex witnesses B.I.G. highest traded stock. First day of trading on the Nilex Stock Exchange ends on a phenomenally high note for B.I.G. “Barbary Investment Group” B.I.G. shares closed at EGP 7 and are traded under the under the ticker symbol “BIGP.CA”
On the first day of trading, B.I.G. “Barbary Investment Group” succeeds in fulfilling the Nilex Stock Exchange free float requirement, as well as obtaining the necessary number of shareholders. Though the Nilex grants companies one year to meet the free float requirements, B.I.G. “Barbary Investment Group” achieved this milestone in one day.
B.I.G. “Barbary Investment Group” pledges an unwavering commitment to transparency and good corporate governance.
With the trust of the investment community and the increase in liquidity, B.I.G. strives to maintain positive and strong momentum; and plans on moving forward with its expansion plans. For B.I.G. Stock Quote “BIGP.CA”
Nilex Stock Exchange Summary
The Nilex is the Egyptian Stock Exchange for SMEs. Enterprises admitted in the Nilex range from medium to small sized businesses and include businesses from any industry sector and from any country.
The Nilex has streamlined the admissions process to ensure the highest degree of transparency, effectiveness, and efficiency.
By providing an appropriate, secure, and flexible regulatory framework to both companies and investors, the Nilex has secured a number of benefits for both. The Nilex offers companies the benefits of being traded, which include a clear access to capital, as well as visibility to reach a wider investment community.
Benefits for Issuers
Listing on the Nilex has numerous advantages for the SMEs. Businesses have access to long-term capital for the expansion and diversification of their activities. The businesses are assessed and undergo a fair valuation. The corporate image of the businesses listed on the Nilex inspires trust and confidence to the suppliers, customers, banks, and other stakeholders. The businesses are assisted in merger and acquisition transactions to create and promote competition.
Benefits for Investors
The Nilex provides investors with opportunities to diversify their portfolio and invest in companies with high growth potential. The Nilex also safeguards the rights of investors and enables shareholders to phase out from the companies when desired.
Benefits for the Economy
In addition to the benefits for the issuers and investors, the Nilex supports promising sectors in the economy suffering from finance obstacles or lack of funding. By increasing the visibility of the companies to a wider investment community, the Nilex attracts domestic and foreign investments to those fast growing companies. The Nilex rejuvenates the economy by promoting the concept of entrepreneurship and enabling job creation. Furthermore, it provides an exit strategy to venture capital funds.