Regulatory Alerts2014-01-01
Capital Market Authority Board Resolution No. 170 of 2014
The Capital Market Authority issued Resolution No. 170 of 2014 to amend the Egyptian Exchange's rules regarding the listing and delisting of securities. The resolution establishes new definitions for free-float shares and sets specific capital, profitability, and shareholder distribution requirements for Egyptian companies, including special provisions for small and medium enterprises and newly established firms. It also details disclosure obligations for major shareholders and affiliated parties, as well as listing conditions for foreign securities.
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