The Listing Committee held on 28/06/2026
has approved the following:
· Listing
the shares of The Egyptian Linear Alkyl Benzene Co.-ELAB (temporary
listing) with
an issued capital of $ 210,025,000 distributed over 2,100,250,000 shares with a
par value of $ 0.10 per share represented in 5 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 never to have existed if the company fails to
complete its share offering and fulfill the listing conditions and requirements
within six (6) months from the date of the 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 any shareholders succeeding to their holdings, shall be required to
retain “Lock —In” fifty-one percent (51%) of the shares owned by them in the
Company's share capital, where applicable. If the aggregate number of shares so
retained represents less than twenty-five percent (25%) of the Company's issued
share capital, the retained shares shall be supplemented to reach the
twenty-five percent (25%) threshold through the shareholdings of the members of
the Board of Directors, the founders of the Company, or any other shareholders
of the Company.
·Such Locked —In
shares shall be for a period of not less than (24) months, together with the
issuance of the periodic financial statements for two fiscal years from the
date of offering at the stock exchange, where the same percentage shall be
(Locked —In) in any increase in the company's capital for the same period, excluding
any bonus shares, in implementation of item (7) of Article (7) of the
Listing and Delisting Rules.
· The company’s
shares shall be added on the EGX’s database under the sector of " Energy
and Support Services” as of Monday, 29/06/2026 trading session.
· The company
shall satisfy the remaining listing documentation requirements prior to the
commencement of trading in its shares.