2007-01-01
The Egyptian Minister of Investment issued Decision No. 101 of 2007 to formally authorize securities companies to provide financial securities consulting services. The decree mandates a minimum fully paid-up capital of 250,000 Egyptian pounds for any company seeking this new operational license. It takes effect the day after its publication in the Egyptian Gazette and was signed by Dr. Mahmoud Mohieddin on April 6, 2007.