Egypt grants Exits MENA securities promotion, underwriting license

Exits MENA is now authorized to offer listing and public offering services to its clients on the Egyptian Stock Exchange (EGX), the small and medium-sized enterprises (SMEs) platform, and the Nile Stock Exchange (NILEX).

"We can now offer more comprehensive services, including IPOs, besides our existing merger and acquisition (M&A) and private placement services,'' said Ayman El-Tanbouly, co-founder and managing director of Exits MENA.

The license will enable the platform to help startups and companies meet the complex listing requirements of EGX and NILEX, including governance, legal status, financial requirements, etc.

El-Tanbouly added that the license will also enable Exits MENA to support the growth of startups in the ecosystem and to become a leading investment platform in the region.

The platform will also qualify startups and small and medium-sized enterprises –  especially in the technology sector – for mergers and acquisitions (M&As). It will also provide them with necessary support to become listed.