Regulatory Alerts2013-02-27
Added · Updated
Board of Directors Decision No. (8) of 2013
The Egyptian Financial Supervisory Authority issued Board Decision No. (8) of 2013 to amend the Egyptian Exchange's listing regulations. The decision inserts a new provision into Article (12) bis (1) mandating that shares issued as foreign depositary receipts cannot exceed one-third of a company's total issued capital. The regulation becomes effective the day after its publication in the Egyptian Gazette and on the official websites of the Authority and the Exchange.
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