Regulatory Alerts2007-01-01
Minister of Investment Decision No. 295 of 2007
The Minister of Investment issued Decision No. 295 of 2007 to add investment fund management services to the activities of securities companies under Capital Market Law No. 95 of 1992. The decision mandates that these companies must maintain a minimum paid-up cash capital of two million Egyptian pounds, with at least half paid immediately. The decision was published in the Egyptian Gazette and became effective the day following its publication date of October 6, 2007.
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