Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

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Chairman of the Authority

Decision of the Board of Directors of the Authority No. (138) of 2020 dated 31/8/2020

Amending Decision of the Board of Directors of the Authority No. (11) of 2014

Regarding the Rules for Listing and Delisting Securities at the Egyptian Exchange

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Board of Directors of the Financial Regulatory Authority

Having reviewed the Capital Market Law issued by Law No. (95) of 1992 and its executive regulations;
Having reviewed Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments;
Having reviewed Decision of the Board of Directors of the Authority No. (11) of 2014 regarding the rules for listing and delisting securities at the Egyptian Exchange;
And having approved the decision by the Board of Directors in its session held on 31/8/2020;

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Decided

(Article One)

A new item numbered (1 bis) is added to the general conditions for listing securities set forth in Article (6) of the rules for listing and delisting securities, with the following text:
"The authorized capital of a company wishing to list its securities shall not exceed five times its issued capital."

(Article Two)

A third financial period condition is added to the conditions for the continued listing of shares of Egyptian companies set forth in Article (10) of the rules for listing and delisting securities:
The third financial period, with the following text:
"The company whose shares are listed on the Egyptian Exchange shall be committed to ensuring that its authorized capital does not exceed five times its issued capital."

(Article Three)

This Decision shall be published in the Egyptian Gazette and on the websites of both the Authority and the Egyptian Exchange, and shall take effect as of the day following its publication in the Egyptian Gazette.

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Chairman of the Board of Directors of the Authority
Dr. Mohamed Omran

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Smart Village, Building 136, Giza, Egypt

Postal Code: 110
Telephone: +202 3534520
Fax: +202 3534003
WWW.FRA.GOV.EG

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