Regulatory Alerts2020-01-01
Decision No. (176) of 2020 of the Authority's Board of Directors
The Financial Regulatory Authority of Egypt issued Decision No. 176 of 2020 to amend the listing and delisting rules for securities on the Egyptian Exchange. The amendment raises the minimum share capital requirement for foreign companies seeking listing to 100 million US dollars, while reducing it to 10 million US dollars for small and medium-sized enterprises, and adjusts capital thresholds for companies with significant Egyptian ownership. Additionally, the decision updates the conditions for maintaining listed status following corporate acquisitions by aligning them with specific capital and structural requirements based on the acquired entity's classification.
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