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EGX extends deadline for SMEs to contract with sponsors

The Egyptian Exchange (EGX) has issued decision no. 617 of 2021, granting small- and medium-sized enterprises (SMEs) a week ending on 31 August to contract with a registered sponsor.

SMEs listed on the EGX are required to hire a registered sponsor for at least eight months according to the decision no. 515 of 2021, the EGX said in a statement on Sunday.

The original deadline for contracting with sponsors was on Tuesday, 24 August.