BIG, El-Barbary Investment Group, Announces Approval of Listing on the Egyptian Stock Exchange

Egyptian Stock Exchange Announces approval of listing of BIG, ELbarbary Investment Group on the Egyptian Stock Exchange

Cairo, Egypt (PRWEB) October 19, 2009 -- BIG, El-Barbary Investment Group, specializing in importing automotive spare parts, announced today that the Egyptian Stock Exchange has approved the listing of the company's common stock. Shares of El-Barbary Investment Group will begin trading on the Egyptian Stock Exchange in December 2009. It is expected that the trading price will range between EGP 5 and EGP 7 per common share under the ticker symbol "BIGI." This information will be determined in the coming months, most likely once December nears.

"The listing of BIG, El-Barbary Investment Group, on the Egyptian Stock Exchange is an important milestone marker in the long-term development and growth strategy of the Company. We anticipate that the increased liquidity and capital will enable us to move forward with our expansion and diversification plans," commented Mansour El-Barbary, owner and CEO of BIG, El-Barbary Investment Group.

The listing of BIG, El-Barbary Investment Group, on the Egyptian Stock Exchange is an important milestone marker in the long-term development and growth strategy of the Company. We anticipate that the increased liquidity and capital will enable us to move forward with our expansion and diversification plans

Furthermore, listing on the Egyptian Stock Exchange will increase our visibility and showcase our attractiveness, which will expose El-Barbary Investment Group to new investors. This, in turn, would be considerably beneficial to both the Company and its shareholders

Based on the detailed application that BIG, El-Barbary Investment Group, submitted to the Egyptian Stock Exchange, the initial public offering will infuse the Company with the capital necessary for expanding its automotive parts stores and establishing a chain of one-stop automotive parts stores.

In addition to launching and implementing its planned strategic acquisitions, Mansour El-Barbary has already set the Company's diversification plans in motion. Mansour El-Barbary's diversification portfolio hinges on seeking global opportunities that will expand Company growth, on both a horizontal and vertical level, thus ensuring El-Barbary Investment Group's competitiveness while maximizing shareholder value.

BIG has become the authorized agent for one of the main auto battery manufacturers. Mansour El-Barbary has already received approval from GAFI to set up manufacturing and assembly of auto batteries in the free zone, and plans are underway to implement this diversified activity.

About BIG, El-Barbary Investment Group:
El-Barbary Investment Group is an importer and global provider of automotive spare parts. For more information on BIG, El-Barbary Investment Group, Please contact:

BIG, Elbarbary Investment Group
Investment Relations Dept
Rania Elhinawy
5 Ansar Street
Dokki, Giza
Egypt

###

Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/RW1wdC1GYWx1LUZhbHUtU3VtbS1DcmFzLUNvdXAtWmVybw==

big big egypt elbarbary investment group mansour elbarbary mansour el barbary mansour el-barbary mansour elbarbary egypt big mansour el barbary

Bookmark -  Del.icio.us | Furl It | Technorati | Ask | MyWeb | Propeller | Live Bookmarks | Newsvine | TailRank | Reddit | Slashdot | Digg | Stumbleupon | Google Bookmarks | Sphere | Blink It | Spurl