Regulatory Alerts2020-01-01
Financial Regulatory Authority Board Decision No. (138) of 2020
The Financial Regulatory Authority issued Decision No. 138 of 2020 to amend the listing and delisting rules at the Egyptian Exchange by mandating that a company’s authorized capital must not exceed five times its issued capital for both initial and continued share listings. This requirement applies to all Egyptian companies seeking or maintaining their securities on the Exchange, as explicitly added to Articles 6 and 10 of the governing rules. The decision was approved by the Authority’s Board on August 31, 2020, and takes effect the day following its publication in the Egyptian Official Gazette.
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