The Egyptian Exchange (EGX) listed a new company with a capital of as much as 757.5 million Egyptian pounds during the first quarter of 2014. It also succeed in adding 6 capital increases by a total value of about 945.9 million Egyptian pounds. At the same time there was a reduction of the capital of the three companies by a total value of 100.3 million Egyptian pounds. Approved stock splits was a percentage of 67 of the total companies that requested during the first quarter of 2014 which is the highest rate in nearly 4 years .
Percentage of the approval for disclosing reports to proceed in the capital increase was 100%. The timeframe required for the approval of less than 24 hours in some cases, including at least 5 working days which is the maximum for the issuance of the Commission's decision .
211 listed companies sent their financial statements for the period ending 31/12/2013 representing 90% of listed companies. 113 listed companies held the General Assembly to adopt the annual financial statements for the fiscal year 31/12/2013 ended within the time limit specified rules of limitation.
According to the decision of the Board of Directors No. 11 of 2014, and notification of EGX on February 12, 2014, The Egyptian Exchange sent a request to listed companies on February 27, 2014 to notify them of the unmet standards of financial procedures that will be followed by the management companies that decreased net equity for 90% of the paid-up capital , or companies that have achieved Net losses for two consecutive financial prepare a report to correct the situation of the company has responded to many of the companies and send the form.