Regulatory Alerts2013-01-01
Board of Directors Decision No. (8) of 2013
The Egyptian Financial Supervisory Authority issued Board Decision No. (8) of 2013 to amend the Egyptian Exchange's listing regulations. The decision inserts a new provision into Article (12) bis (1) mandating that shares issued as foreign depositary receipts cannot exceed one-third of a company's total issued capital. The regulation becomes effective the day after its publication in the Egyptian Gazette and on the official websites of the Authority and the Exchange.
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