Cairo – Mubasher: Naeem Holding said it secured the approval of the Egyptian Financial Supervisory Authority (EFSA) for dual listing in Abu Dhabi Securities Exchange – ADX.
EFSA approved the listing on condition that, the value of the listing shares in ADX doesn’t exceed one – third of Naeem issued capital that amounts to $198.7 million.
Naeem reported net profits of $924,700 at the third quarter of 2016.
