By Daily News Egypt
FEP Capital, previously known as White House Securities, is negotiating to list two companies in the Nile Stock Exchange (NILEX) during the first quarter (Q1) of 2016.
The two companies’ capital is valued at EGP 37m and they are working in the field of gas filling; one with a capital of EGP22m and the other with a capital of EGP15m, FEP Capital CEO Omar El Maghawry said.
This year, the company offered two other companies in NILEX. The first is Integrated Engineering Group (IEG), which performs the various Engineering activities for steel structure. IEG’s capital records EGP 3m, distributed on 15 million shares, where 20% of them have been issued at a fair value of 60 piasters. It was covered 35 times upon issuing.
The second company that FEP Capital sponsored its listing in NILEX is Egypt South Africa for communication. It operates in the installation and maintenance of mobile networks with a capital of EGP6.389m distributed on 31.948m shares. Some 20% of its shares were issued at a fair value of 95 piasters. in addition, it was covered 11 times upon issuing.
FEP Capital Securities comes in first place in the small and medium-sized enterprises listed in NILEX.