Seven new companies to be registered on Egyptian stock market

The Egyptian stock market approved the registration of seven new companies with capital amounting to 211 million pounds. A committee in the stock market also approved an increase in the capital of five other companies.

The head of the committee, Abdul Satter Bakri told ArabicNews.com that the companies registered in the informal schedule of the stock market are: the International Company for Electric Bodies, El-Safwa for building and construction, the Traders for Management and Services, the Egyptian Company for Investment, the Forum for Trade and Investment, Shura for Economic Development, Volcano for Trade.

The committee approved an increase in capital of the following companies: Alner for leather, Shirco for contracting, Alexandria Commercial Bank, Luxor Valley for nvestments, and Shamedan for food industries.