Regulatory Alerts2019-01-01
Decision No. (129) of 2019 of the Financial Regulatory Authority Board of Directors
The Financial Regulatory Authority (FRA) of Egypt issued Decision No. (129) of 2019 to extend the compliance deadline for listed companies that have not yet executed their stock offerings. The FRA mandates that these companies submit a detailed implementation timeline to the Egyptian Exchange by November 30, 2019, and grants them an extension until March 31, 2020, to complete the offering procedures. This amendment modifies previous listing and delisting rules to provide additional time for market participants to finalize their public offerings while ensuring regulatory oversight.
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