Regulatory Alerts2018-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. 92 of 2018 Amending Decision No. 11 of 2014 on Listing and Delisting Rules for the Egyptian Exchange
The Financial Regulatory Authority (FRA) issued Decision No. 92 of 2018 to amend its 2014 listing and delisting rules for the Egyptian Exchange. The amendment mandates that listed companies incorporate cumulative voting and proportional capital representation (one board seat per 10% of shares) into their articles of association. Additionally, it prohibits holding ordinary or extraordinary general assemblies during trading sessions, requires shareholders to submit inquiries in writing at least three days in advance, and tightens the timeline and publication requirements for annual financial statements and auditor reports.
Share