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Misr Kuwait Investment & Trading Co. (MKIT.CA) - Listing Committee Decision(SMEs Market)
Published at 10 May 2026 at 12:04Related stock: MKIT
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The Listing Committee held on 06/05/2026 decided to: First: Notify Egyptian Kuwaiti Investment and Trading Company to proceed with the procedures for the mandatory delisting of its shares from the Egyptian Exchange. The company’s issued and listed capital amounts to EGP 20 million, distributed over 20 million shares with a nominal value of EGP 1 per share, represented in three issuances listed on the SME Market (NILEX), in accordance with the provisions of Article (53) of the Egyptian Exchange Listing and Delisting Rules and Article (73) of the Executive Procedures thereof. This is due to the company’s failure to rectify the violations attributed to it within the granted period, as per the decisions of the Listing Committee.
Noting that the company’s shares are traded on the illiquid (inactive) market.
The company shall be obligated to purchase its free-float shares held by shareholders wishing to sell—or ensure that a third party undertakes such purchase—within a maximum period of three months from the date of notifying the company of the Listing Committee’s decision to proceed with delisting. The purchase price must not be less than the fair value determined by an independent financial advisor registered with the Financial Regulatory Authority and appointed by the company for this purpose.
Additionally, any party holding pledged free-float shares as collateral for a debt or obligation may sell such shares to the company at the same price, in accordance with Article (53) of the Listing and Delisting Rules.
Second: Notify the Investor Protection Fund against Non-Commercial Risks of the Listing Committee’s decision to take the necessary actions.
Third: Notify the Operations Sector of the Egyptian Exchange of the Listing Committee’s decision to take the necessary actions and coordinate with the company to open a Special Operations Market to execute the purchase transactions for shareholders wishing to sell their shares. The Operations Sector shall notify the Listed Companies Sector immediately upon completion of the purchase process.
Fourth: Present the final delisting of the company’s shares from the Egyptian Exchange schedules to the Listing Committee after notification from the Operations Sector confirming completion of the purchase of all shares offered for sale by shareholders and pledged creditors, or upon the lapse of a maximum period of three months from the date of notifying the company of the decision to proceed with delisting procedures.
Accordingly, it has been decided to suspend trading on the company’s shares to allow investors to review the Listing Committee’s decision, with all outstanding orders (bids and offers) to be cancelled prior to the publication of this announcement. Trading on the company’s shares shall resume at the beginning of the trading session on Sunday, 10/05/2026.
Noting that the company’s shares are traded on the illiquid (inactive) market.
The company shall be obligated to purchase its free-float shares held by shareholders wishing to sell—or ensure that a third party undertakes such purchase—within a maximum period of three months from the date of notifying the company of the Listing Committee’s decision to proceed with delisting. The purchase price must not be less than the fair value determined by an independent financial advisor registered with the Financial Regulatory Authority and appointed by the company for this purpose.
Additionally, any party holding pledged free-float shares as collateral for a debt or obligation may sell such shares to the company at the same price, in accordance with Article (53) of the Listing and Delisting Rules.
Second: Notify the Investor Protection Fund against Non-Commercial Risks of the Listing Committee’s decision to take the necessary actions.
Third: Notify the Operations Sector of the Egyptian Exchange of the Listing Committee’s decision to take the necessary actions and coordinate with the company to open a Special Operations Market to execute the purchase transactions for shareholders wishing to sell their shares. The Operations Sector shall notify the Listed Companies Sector immediately upon completion of the purchase process.
Fourth: Present the final delisting of the company’s shares from the Egyptian Exchange schedules to the Listing Committee after notification from the Operations Sector confirming completion of the purchase of all shares offered for sale by shareholders and pledged creditors, or upon the lapse of a maximum period of three months from the date of notifying the company of the decision to proceed with delisting procedures.
Accordingly, it has been decided to suspend trading on the company’s shares to allow investors to review the Listing Committee’s decision, with all outstanding orders (bids and offers) to be cancelled prior to the publication of this announcement. Trading on the company’s shares shall resume at the beginning of the trading session on Sunday, 10/05/2026.