Listing Announcements
Listing the Shares of Chemical Industries Development - CID (Temporary Listing) (MITR.CA) Main Market
Published at 14 May 2026 at 15:20Related stock: MITR
AI Summary
AI-powered disclosure summary — Coming soon 🔜
The listing committee held on 14/05/2026 has approved the following:
· Listing the shares of Chemical Industries Development - CID (temporary listing) with an issued capital of EGP 400 million distributed over 40 million shares with a par value of EGP 10.00 per share represented in 11 issuances in the Egyptian Securities Listing Board (Shares) — “Main Market, in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
· the company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
· In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
· The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
· Provided that shareholders holding ten percent (10%) or more of the company’s share capital, and/or their successors from among the other shareholders of the company, shall be required to retain (lock-up) fifty-one percent (51%) of the shares they own in the company’s share capital, if available , If the total shares retained) locked-up) accordingly amount to less than twenty-five percent (25%) of the company’s issued share capital, the shortfall shall be completed up to the twenty-five percent (25%) from the shareholdings of the members of the Board of Directors, the founders of the company, or other shareholders of the company , for a period of not less than twenty-four (24) calendar months and until the issuance of periodic financial statements for two fiscal years from the date of listing on the stock exchange.
· The same retention ) lock-up) conditions shall apply to any subsequent increase in the company’s share capital, excluding bonus shares, in implementation of the provisions of Clause (7) of Article (7) of the Listing and Delisting Rules of Securities.”
· The company shall be notified to comply with the provisions of Law No. (121) of 1982 regarding the Register of Importers, and the exemption issued under Law No. (173) of 2023 concerning the registration of certain companies not wholly owned by Egyptians, or those in which Egyptian ownership is less than fifty-one percent (51%), from certain provisions of Law No. (121) of 1982.
· The company’s shares shall be added on the EGX’s database under the sector of " Healthcare and Pharmaceuticals” as of Wednesday 20/05/2026 trading session.
· Provided that the company shall complete and submit all required documents prior to the commencement of trading on its shares.
· Listing the shares of Chemical Industries Development - CID (temporary listing) with an issued capital of EGP 400 million distributed over 40 million shares with a par value of EGP 10.00 per share represented in 11 issuances in the Egyptian Securities Listing Board (Shares) — “Main Market, in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
· the company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
· In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
· The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
· Provided that shareholders holding ten percent (10%) or more of the company’s share capital, and/or their successors from among the other shareholders of the company, shall be required to retain (lock-up) fifty-one percent (51%) of the shares they own in the company’s share capital, if available , If the total shares retained) locked-up) accordingly amount to less than twenty-five percent (25%) of the company’s issued share capital, the shortfall shall be completed up to the twenty-five percent (25%) from the shareholdings of the members of the Board of Directors, the founders of the company, or other shareholders of the company , for a period of not less than twenty-four (24) calendar months and until the issuance of periodic financial statements for two fiscal years from the date of listing on the stock exchange.
· The same retention ) lock-up) conditions shall apply to any subsequent increase in the company’s share capital, excluding bonus shares, in implementation of the provisions of Clause (7) of Article (7) of the Listing and Delisting Rules of Securities.”
· The company shall be notified to comply with the provisions of Law No. (121) of 1982 regarding the Register of Importers, and the exemption issued under Law No. (173) of 2023 concerning the registration of certain companies not wholly owned by Egyptians, or those in which Egyptian ownership is less than fifty-one percent (51%), from certain provisions of Law No. (121) of 1982.
· The company’s shares shall be added on the EGX’s database under the sector of " Healthcare and Pharmaceuticals” as of Wednesday 20/05/2026 trading session.
· Provided that the company shall complete and submit all required documents prior to the commencement of trading on its shares.