Regulatory Alerts2020-01-01
Board of Directors Decision No. 7 of 2020 Amending Decision No. 48 of 2019 on Public and Private Offering Rules and Procedures
The Financial Regulatory Authority (FRA) of Egypt issued Decision No. 7 of 2020 to amend Decision No. 48 of 2019 concerning public and private offering rules. The amendment specifically revises the minimum subscription thresholds for private offerings, setting them at 0.5% or one million Egyptian pounds for related individual investors, and 1% or ten million Egyptian pounds for financial institutions, whichever is lower. This decision takes effect the day after its publication in the Egyptian Gazette and on the official websites of the Authority and the Egyptian Exchange.
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