Regulatory Alerts2025-10-20
A circular dated October 16, 2025 regarding the Council of Ministers’ approval to amend the return rates for real estate financing initiatives
This document, dated October 20, 2025, is addressed to the Chairman of the Board of Directors of a bank. It references a circular issued on March 24, 2003, regarding controls for issuing bank deposit certificates for company establishment or capital completion. The document emphasizes the need to adhere to these controls and ensure that released funds from these certificates are added to the company's accounts in the same currency as recorded in the commercial register and articles of association. It urges attention to the specified commitments and concludes with regards.
القاهرة في: ٢٠ أكتوبر ٢٠٢٥ Cairo, October 20, 2025
السيد الأستاذ/ رئيس مجلس الإدارة Mr. Professor/ Chairman of the Board of Directors
بنك Bank
تحية طيبة وبعد،، Greetings and afterwards,
بالإشارة إلى الكتاب الدوري الصادر بتاريخ ٢٤ مارس ۲۰۰۳ والكتب الدورية اللاحقة له بشأن الضوابط With reference to the periodic letter issued on March 24, 2003 and the subsequent periodic letters regarding the controls
الواجب مراعاتها عند اصدار شهادات الإيداع البنكية من قبل البنوك لتأسيس شركات بموجبها أو استكمال سداد رأس that must be observed when issuing bank deposit certificates by banks for establishing companies accordingly or completing the payment of capital
المال المصدر جزئياً أو كلياً أو زيادة رأس المال. issued capital partially or fully or increasing capital.
أود التأكيد على قيامكم حين الافراج عن المبالغ المدرجة بتلك الشهادات المصدرة، الالتزام بإضافتها لحسابات I would like to emphasize that when you release the amounts listed in those issued certificates, you must add them to the accounts
الشركة بذات عملة القيد الوارد بالسجل التجاري والنظام الأساسي الخاص بها. of the company in the same currency as recorded in the commercial register and its الخاصة بها.
يُرجى التكرم بالتنبيه نحو الالتزام بما تقدم. Please kindly pay attention to adhering to the above.
وتفضلوا بقبول فائق الاحترام،،، And please accept my highest regards,
طارق الخولي Tariq Al-Khouli