Regulatory Alerts2021-01-01
Financial Regulatory Authority Board of Directors Resolution No. (85) of 2021
The Financial Regulatory Authority (FRA) Board of Directors issued Resolution No. 85 of 2021 to extend the offering execution deadline for companies listed on the Egyptian Exchange by six months, establishing a final cutoff of December 31, 2021. The resolution mandates that these listed companies submit a detailed implementation timeline to the Egyptian Exchange by September 30, 2021, and secure management approval for their proposed offering execution measures. Approved on June 6, 2021, the directive was formally published in the Egyptian Gazette and on the official websites of both entities to ensure immediate regulatory compliance.
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