Capital Markets Authority Board of Directors Decision No. (15) of 2018

Dated 27/3/2018

Amending Capital Markets Authority Board of Directors Decision No. (143) of 2010 Regarding the Regulation of Listing and Trading Operations of Shares of Companies Operating in the Securities Sector

Capital Markets Authority Board of Directors

Having reviewed the Capital Market Law issued by Law No. (95) of 1997 and the decisions issued in implementation thereof; and Law No. (10) of 2009 regarding the regulation of supervision over non-banking financial markets and instruments; and Presidential Decree No. (191) of 2009 regarding the provisions organizing the Egyptian Exchange and its financial affairs; and Presidential Decree No. (192) of 2009 issuing the Basic Statute of the Capital Markets Authority; and Capital Markets Authority Board of Directors Decision (143) of 2010 regarding the regulation of listing and trading operations of shares of companies operating in the securities sector, as amended by Decision No. (67) of 2011 and Decision No. (69) of 2013; and Capital Markets Authority Board of Directors Decision No. (121) of 2017; and the approval of the Board of Directors at its meeting held on 27/3/2018;

Has Decided

(Article One)

The following texts are substituted regarding (Article 1, and the header of Article 2 and Clause (7) thereof) from Capital Markets Authority Board of Directors Decision No. (143) of 2010:

Article (1):

Companies operating in the securities sector and institutions, in accordance with the provisions of the Capital Market Law issued by Law No. (95) of 1997, wishing to list their securities on the Exchange must fulfill the requirements set forth in this Decision before submitting a listing application to the Exchange, without prejudice to the authority of the Listing Committee at the Exchange to accept or reject the completion of the listing in accordance with the rules governing it.

Article (7): (Header of Article and Clause 7)

The Authority shall issue its approval upon the company fulfilling the following requirements and criteria:

• The retention by the company's major shareholders, its founder, and its board of directors of the required percentages in accordance with the rules for listing and delisting securities on the Egyptian Exchange.

(Article Two)

Clause (8) of Article (2) of Capital Markets Authority Board of Directors Decision No. (143) of 2010 is repealed.

(Article Three)

This Decision shall be published in the Egyptian Gazette and on the websites of the Authority and the Egyptian Exchange, and shall take effect from the day following its issuance date.

---

Chairman of the Board of Directors
Dr. Mohamed Omran

Capital Markets Authority
Office of the Chairman

47076