Regulatory Alerts2017-01-01
Decision No. (132) of 2017 Amending Decision No. (11) of 2014 Regarding the Rules for Listing and Delisting Securities on the Egyptian Exchange
The Egyptian Financial Supervisory Authority issued Decision No. 132 of 2017 to amend the Egyptian Exchange's listing and delisting rules. The decision establishes mandatory minimum capital, profitability, and free-float thresholds for Egyptian companies seeking initial listings, while providing alternative compliance mechanisms for firms that fail to meet primary financial criteria. It further mandates enhanced post-listing disclosure obligations, including annual performance comparisons against independent valuations and underwriter business plans, and clarifies procedures for re-listing delisted securities and foreign share listings.
Share