Ahmed Abdel Rahman _ The Securities Listing Committee at the Egyptian Exchange (EGX) decided in its session held on October 12 to list 2.025 billion subscription rights for the capital increase shares of Qorra Energy Services and Investment, from EGP 450 million to EGP 855 million, with an increase of EGP 405 million, distributed over 2.025 billion shares.
The Listing Committee stated in its statement today that the subscription will be made at the nominal value of EGP 0.20 per share, plus issuance expenses of EGP 0.005 per share. The increase shall be paid through cash subscription by existing shareholders, with the subscription right for the increase shares traded separately from the original share "exclusively among Egyptians".
The committee noted that the subscription right is within the limit of 0.90 share for each share owned by existing shareholders in the company's capital before the increase, and it shall be granted to the holder and buyer of the share until the end of the trading session on Tuesday, October 13, 2026. It pointed out that it will be traded during the period from Sunday, October 18, 2026, to Tuesday, October 27, 2026.
It noted that the subscription in the company's shares resulting from the cash increase for 2.025 billion rights will be listed on the database starting from the beginning of the trading session on Wednesday, October 14, 2026, with the aim of not negatively affecting the market capitalization, taking into account the suspension of trading thereon, and classified under the ISIN code.
It stated that the aforementioned subscription rights will be made available for trading starting from the beginning of the trading session on Sunday, October 18, 2026, or as soon as it is verified that the market price of the share is greater than the subscription price, provided that trading on the subscription rights is suspended by the end of the trading session on Tuesday, October 27, 2026. The rights shall not be removed from the EGX database except on the same day the cash increase shares are listed, with the aim of not negatively affecting the market capitalization.
It pointed out that Qorra Energy Services was notified of the Listing Committee's decision, emphasizing compliance with listing the capital increase shares within three months from the closing date of the subscription door in accordance with Article (26) of the Listing Rules; Article 26 of the Executive Regulations.
It stated that the company must, in cases of amending the subscription period and/or the right trading period, notify the relevant departments of the EGX Listing Sector (Amendments Department and Technical Follow-up Department), the Disclosure Sector, and Misr Central Clearing, Depository and Registry (MCDR) immediately upon obtaining the approval of the Financial Regulatory Authority (FRA) regarding these amendments, and pay the difference in listing and trading fees for the subscription right, if any.
It emphasized that the company must freeze the percentages required to be frozen from the increase shares in accordance with the Listing and Delisting Rules of the Egyptian Exchange (EGX), prior to the listing and inclusion of the cash increase shares in the exchange schedules.
