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Egyptian bourse to exclude NSGB from EGX30
- Egypt: Sunday, March 31 - 2013 at 08:00
The Egyptian stock exchange has said the National Société Générale Bank (NSGB) will be excluded from its main index, the EGX30, after its sale to Qatar National Bank (QNB) was completed, Ahram has reported. The lender will be excluded from the EGX30 and other indices, effective from April 7, 2013, because it does not meet the index's criteria, the bourse noted. QNB has acquired 430,782,421 NSGB shares, representing 97% of the total, at EGP38.65 ($5.68) per share, the bourse said.
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