Cairo – Mubasher: The Egyptian Exchange’s (EGX) board on Sunday decided to suspend all trading in terms of offers and orders on three companies’ stocks, which have not yet released their financial statements for the period which ended on 31 December 2016.
The companies whose stocks have been suspended are: Sabaa International Company for Pharmaceutical and Chemical Industry (SIPC), Giza General Contracting and Real Estate Investment Co. (GGCC), and Abu Dhabi Islamic Bank – Egypt (ADIB Egypt), the EGX said.
Last week, the Egyptian Financial Supervisory Authority (EFSA) issued decision no. 25 of 2017, which entails a two-week extension of the period for posting EGX-listed companies’ financial statements.
The EFSA noted that the last date for submitting financial data for the second half of 2016 will be 28 February instead of 14 February.
