Regulatory Alerts2021-01-01
Financial Regulatory Authority Board Decision No. 142 of 2021
The Financial Regulatory Authority (FRA) of Egypt issued Board Decision No. 142 of 2021 to amend paragraphs 1 and 3 of Article 7 in its 2014 rules governing the listing and delisting of securities on the Egyptian Exchange. The revised provisions establish precise minimum thresholds for offered share percentages, free-float ratios, and market capitalization calculations required to qualify a company's shares for listing. The decision further mandates official publication in the Egyptian Gazette and on the electronic websites of both the Authority and the Exchange, taking effect from the day following publication.
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