EGX Approves Listing of IRON’s New Mining Spinoff Company

Giving More to Your Wealth
26 May 2021

The Egyptian Stock Exchange (EGX) has approved the listing of the shares of Iron and Steel for Mines and Quarries on the EGX under the ticker symbol ISMQ from 27 May 2021. This follows the Financial Regulatory Authority’s (FRA) acceptance to register the new company in their database.

The company is a spinoff of Egyptian Iron and Steel (IRON), which is undergoing liquidation. The new company will have a paid-in capital of EGP195mn distributed over 976.8mn shares, with a par value per share of EGP0.20. (Source: EGX, FRA, Mubasher (English) (Arabic), Arab Finance, Amwal al-Ghad)

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