Prime Minister's Decision No. 125 of 2018 Concerning the Determination of Fees and Charges for Listing Securities and Financial Instruments on the Egyptian Exchange

Prime Minister

Having reviewed the Constitution; and the Capital Market Law issued by Law No. 95 of 1992; and Law No. 10 of 2009 regulating supervision over non-banking financial markets and instruments; and Presidential Decision No. 191 of 2009 regarding the provisions governing the management and financial affairs of the Egyptian Exchange; and Presidential Decision No. 192 of 2009 issuing the Statute of the Financial Regulatory Authority; and Presidential Decision No. 279 of 2018 delegating certain authorities to the Prime Minister, and designating him as the minister responsible for implementing the provisions of Law No. 10 of 2009; and Prime Minister's Decision No. 831 of 2014 amending Investment Minister Decisions No. 259 of 2007 and No. 231 of 2008 concerning the determination of fees and charges for listing securities on the Egyptian Exchange; and Financial Regulatory Authority Board of Directors Decision No. 11 of 2014 concerning the rules for listing and delisting securities on the Egyptian Exchange, and its amendments; and upon the proposal of the Financial Regulatory Authority Board of Directors; and based on the opinion of the State Council.

Decided

(Article One)

Each company shall pay an annual fee in January of each year for the listing and continued listing of its securities or related financial instruments on the Egyptian Exchange, not exceeding five hundred thousand Egyptian pounds annually, according to cumulative tiers of the company's capital and the percentages specified alongside each tier, as follows:

• Tier One: Companies with capital up to (12,500,000) thousand pounds, with annual listing fees at a rate of (0.002) per thousand of their capital.

• Tier Two: Companies with capital exceeding (12,500,000) thousand pounds up to (100,000,000) million pounds, with annual listing fees at a rate of (0.015) one and a half per thousand of their capital.

• Tier Three: Companies with capital exceeding (100,000,000) million pounds up to (300,000,000) three hundred million pounds, with annual listing fees at a rate of (0.0075) seventy-five per hundred thousand of their capital.

• Tier Four: Companies with capital exceeding (300,000,000) three hundred million pounds up to (500,000,000) five hundred million pounds, with annual listing fees at a rate of (0.005) fifty per hundred thousand of their capital.

• Tier Five: Companies with capital exceeding (500,000,000) five hundred million pounds, with annual listing fees at a rate of (0.0025) twenty-five per hundred thousand of their capital.

Listing fees for bonds, financing certificates, or debt financial instruments shall also be at a rate of (0.002) per thousand of the listed issuance value, not exceeding fifty thousand pounds annually, subject to the same rules for new issuances set forth in the following paragraph.

In the event of listing new issuances during the year, companies shall pay listing fees at the same percentages mentioned above, provided that the total fees paid by the company during the year, whether annual or for new issuances, do not exceed the maximum limit prescribed by law.

In all cases, the listing fee for the first time, or for listing additional shares, shall be calculated based on the remaining portion of the year. Listing fees for bonds and other financial instruments with a term of less than one year shall be calculated based on their maturity dates and rounded down to the nearest month.

(Article Two)

Each small and medium-sized enterprise shall pay an annual fee for the listing and continued listing of its securities or financial instruments at a rate of (50%) fifty percent of the percentages specified in Article One of this Decision.

(Article Three)

The aforementioned fees shall not apply to securities or financial instruments issued by the State.

(Article Four)

This Decision shall be published in the Official Gazette and shall take effect from the day following its publication. Any provision conflicting with its provisions is hereby repealed.

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Prime Minister (Dr. / Mostafa Madbouly)

Issued at the Prime Minister's Office on 9 Safar 1440 AH Corresponding to 18 October 2018 CE

Chairman of the Board of Directors of the Financial Regulatory Authority (Advisor / Daif El-Shazly)

Council of Ministers Advisors Body Chairman

Sent to Mr. / AR