Egypt’s 1st SPAC to List on EGX by Next Month

published:20/01/2022 05:27 GMT

Egypt’s first-ever special purpose acquisition company, known as a SPAC, will merge with or acquire another company to list on Egypt's stock exchange (Egyptian Exchange or EGX), the head of the country's financial regulatory authority said. Mohamed Omran explained that the SPAC will be established no later than next month, February. Last November, the FRA announced the rules and regulations for listing and writing off securities on the Egyptian bourse. It also introduced an article that...More