Regulatory Alerts2020-01-01
Decision of the Board of Directors of the Authority No. 138 of 2020 Amending Decision No. 11 of 2014 on Listing and Delisting Rules at the Egyptian Exchange
The Financial Regulatory Authority of Egypt issued Decision No. 138 of 2020 to amend its 2014 listing and delisting rules for the Egyptian Exchange. The amendment introduces a mandatory financial condition requiring that a company's authorized capital must not exceed five times its issued capital, applying to both initial listing applications and ongoing listing maintenance. This decision takes effect the day after its publication in the Egyptian Gazette and on the official websites of the Authority and the Exchange.
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