Regulatory Alerts2022-01-01
Financial Regulatory Authority Board Decision No. 73 of 2022 Amending Listing and Delisting Rules for the Egyptian Exchange
The Financial Regulatory Authority (FRA) issued Decision No. 73 of 2022 to amend the listing and delisting rules for securities on the Egyptian Exchange. The decision introduces a provisional listing mechanism allowing Egyptian and foreign companies, including SPACs, to list shares before fully meeting all capital and disclosure requirements, provided they complete public offerings within six months. It also clarifies post-division restructuring procedures, updates delisting reinstatement conditions based on financial statements, and repeals specific prior provisions to streamline market access.
Share