Regulatory Alerts2018-01-01
Board of Directors Decision No. (55) of 2018 Regarding Publication Rules and Means for Companies Offering Securities in a Public Offering or Listed on the Egyptian Exchange
The Financial Regulatory Authority of Egypt issued Decision No. 55 of 2018 to establish mandatory publication rules and channels for companies offering securities in public offerings or listed on the Egyptian Exchange. The decision mandates that full prospectuses, financial statements, and material event disclosures be published on the Authority's designated website, the Egyptian Exchange trading screens, and specified Arabic-language newspapers, while summaries are required for listed companies. Additionally, the decision stipulates that publications on the Authority's website are free of charge, amends existing listing and delisting rules to align with these requirements, and takes effect the day following its publication in the Egyptian Gazette.