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Published byHugh Gilmore Modified over 9 years ago
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Nilex Market NILEX is the Egyptian Exchange' market for growing medium and small companies, which offers an appropriate, secure, yet flexible regulatory framework, for both companies & investors, together with a streamlined admission process.
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Supports the capital raising activities of more established companies 236 Companies 8 Companies Supports the capital raising activities of earlier stage companies
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Why Nilex? Government Support Relaxed Requirements Government Support Foreign Investment Better Valuation Not just a cheap financing
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Nilex Benefits Companies Investors Access to long term capital for the expansion of their businesses. Opportunity for investors to diversify their portfolios by investing in high growth companies. Economy Supports promising sectors in the economy which suffers from finance obstacles.
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Nilex Benefits Unlimited Long-term Finance Cheap Finance cost Relaxed Rules & Regulation Large Funds to ensure liquidity Full Government Support Lower Listing Fees (0.5 per thousand of the capital) Local & Foreign investors ’ Interest
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Nilex Trading Platform Settlement Session duration Foreign Restrictions Dividends/ capital gain taxes T+2 12:00 to 1:00 No Trading fees 1/10 per thousand (A maximum of L.E 100) Trading Mechanism Auction
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Current Situation Nilex Current companies : 8 In the Pipeline: 10 Number Of Nominated Advisors: 24 IMC Financing 90% of NomAds Fees Current Situation
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Is It Easy For SMEs To Join Nilex?
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Less than L.E. 25 million Capital NilexMain Market Min of L.E. 20 million 10% within 1 year of listing date Floating Shares 10% within 3 months of listing date 25 shareholders within 1 year of the listing date No. of Shareholders 100 shareholders within within 3 months of listing date Listing Rules
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NilexMain Market Not less than 50% of the company's capital Shareholders equity Not less than 100% of the company's capital Exceptions is made in case of a viable business plan Financial Statements At least one year Audited Financials Not less than 100 thousand shares No of Shares Not less than 2 million shares Listing Rules
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Company Qualified Sponsor Contract Help the company preparing the listing documents and meet disclosure requirements Stock Exchange Listing on the Exchange During One Year Investors Issue 10% of the Co. to investors How to list?
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Disclosure Rules Nilex : Regulatory Framework Maintaining the majority of the main market disclosure rules to ensure market efficiency and investor protection. SMEs to submit quarterly and semi-annual financial statements approved by the company’s management to EGX and CMA SMEs to submit audited annual financial statements to EGX & EFSA. Joint responsibility of the qualified sponsor and the company in case of non compliance to the disclosure rules.
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Qualified Sponsors Only licensed companies to undertake the following activities, that are eligible for Qualified Sponsors : Nilex : Regulatory Framework a. Financial Consulting Companies. b.Investment banks and underwriters c.Private equity firms d.Venture capital firms e.Direct Investment Funds
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Role of Qualified Sponsors Advise and assist the applicant company on all its responsibilities during the application process and its responsibilities to maintain its status once listed. Assist the Company in preparing its financial statements and submitting in due time. Inform the CMA in case of the company’s non compliance with the rules and regulations. Help the company in its initial public offering of its shares. The sponsor’s obligations and responsibilities will be maintained for two years from the date of the company’s listing. Nilex : Regulatory Framework
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Disclosure Rules Nilex : Regulatory Framework Maintaining the majority of the main market disclosure rules to ensure market efficiency and investor protection. SMEs to submit quarterly and semi-annual financial statements approved by the company’s management to EGX and CMA SMEs to submit audited annual financial statements to EGX & CMA. Joint responsibility of the qualified sponsor and the company in case of non compliance to the disclosure rules.
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Sector: Advertisement Capital : L.E 20 million TN Holdings for investment Sector : Smart Card Capital : L.E 10.8 million Masria Card ٍ Sector : Plastic Industry Capital : L.E 1.7 million El Bader Plastic Sector: Spare parts Capital : L.E 3 million B.I.G Sector: Real Estate Capital : L.E 5 million Youtopia Sector: Chemicals Capital : L.E 20 million International Company for Fertilizers and Chemicals Sector: Medical Industries Capital : L.E 16.5 million Ameco Medical Industries Sector: Agriculture Capital : L.E 12 million Kato Agriculture Development
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Sector: Financial Sectors Guarantee For Securities Exchange Sector: IT Pharotech Sector: Transportation& post service Egy Serv Sector: IT Al-Moasher
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Challenges Selection Process Companies Size& IPO Liquidity Current Market Conditions
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NILEX Future Vision Supporting the small and medium enterprises to contribute more to the growth and employment. To Create success stories for the small and medium enterprises. The effective gate for getting finance the small and medium enterprises in Egypt. To expand regionally and attract more Arabic and foreign companies to be listed on Nilex.
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Nilex.egyptse.com
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