Upload
powa
View
36
Download
0
Tags:
Embed Size (px)
DESCRIPTION
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. - PowerPoint PPT Presentation
Citation preview
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.
Supports the capital raising activities of more established
companies
236 Companies8 Companies
Supports the capital raising activities of
earlier stage companies
Why Nilex?
Government Support
Relaxed Requirements
Governmen
t
Support
Foreign Investment
Better
Valuation
Not just a cheap financing
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.
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
Nilex Trading Platform
Settlement
Session duration
Foreign Restrictions
Dividends/ capital gain taxes
T+2
12:00 to 1:00
No
No
Trading fees1/10 per thousand (A maximum of L.E 100)
Trading Mechanism Auction
Current Situation
• Nilex Current companies: 8
• In the Pipeline: 10
• Number Of Nominated Advisors: 24
• IMC Financing 90% of NomAds Fees
Current
Situation
Is It Easy For SMEs To Join Nilex?
Less than L.E. 25 Less than L.E. 25 millionmillion
CapitalCapital
Nilex Main Market
Min of L.E. 20 millionMin of L.E. 20 million
10%10% within within 1 year1 year of of listing datelisting date
Floating SharesFloating Shares 10%10% within within 3 months3 months of listing dateof listing date
2525 shareholders shareholders within within 1 year1 year of the of the
listing datelisting dateNo. of ShareholdersNo. of Shareholders
100100 shareholders shareholders within within within within 33 monthsmonths
of listing dateof listing date
Listing Rules
Nilex Main Market
Not less than Not less than 50%50% of of the company's capitalthe company's capital
Shareholders equityShareholders equityNot less than Not less than 100%100% of of the company's capitalthe company's capital
Exceptions is made in Exceptions is made in case of a viable case of a viable business planbusiness plan
Financial StatementsFinancial StatementsAt least one year At least one year
Audited FinancialsAudited Financials
Not less than Not less than 100 100 thousandthousand shares shares
No of SharesNo of SharesNot less than Not less than 2 million2 million
sharesshares
Listing Rules
Company QualifiedSponsor
Contract
Help the company preparing the listing
documents and meet disclosure requirements
Stock Exchange
Listing
on the Exchange
Du
rin
g O
ne
Y
ear
Investors Issue 10% of the
Co. to investors
How to list?
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.
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
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
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.
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 ChemicalsSector: Medical Industries
Capital : L.E 16.5 million
Ameco Medical Industries
Sector: Agriculture
Capital : L.E 12 million
Kato Agriculture Development
Sector: Financial Sectors
Guarantee For Securities Exchange
Sector: IT
Pharotech
Sector: Transportation&
post service
Egy Serv
Sector: IT
Al-Moasher
Challenges
Selection ProcessSelection Process
Companies Size& IPOCompanies Size& IPO
LiquidityLiquidity
Current Market ConditionsCurrent Market Conditions
NILEX Future Vision
Supporting the small and medium enterprises to Supporting the small and medium enterprises to
contribute more to the growth and employment.contribute more to the growth and employment.
To Create success stories for the small and medium To Create success stories for the small and medium
enterprises.enterprises.
The effective gate for getting finance the small and The effective gate for getting finance the small and
medium enterprises in Egypt.medium enterprises in Egypt.
To expand regionally and attract more Arabic and foreign companies
to be listed on Nilex.
Nilex.egyptse.com