Arab Finance: Qurra Energy Projects intends to offer a stake of up to 20% of its shares on the Egyptian Stock Exchange, and the company has set a timetable for the offering, specifying the first half of 2025 as the date of its first appearance on the Egyptian Stock Exchange.
The company is also currently planning to select an advisor for the planned offering, and the Egyptian Stock Exchange Registration Committee had approved earlier last week the temporary listing of the shares of Qurra Energy and Investment Projects Company with an issued capital of 450 million pounds distributed over 2.25 billion shares with a nominal value of 20 piasters per share.
Thus, the company will have six months to fulfill the listing requirements, with the possibility of extending the deadline after obtaining prior approval from the Financial Regulatory Authority.
Related news
