Regulatory Alerts2018-01-01
Decision of the Minister of Investment and International Cooperation No. 113 of 2018
The Minister of Investment and International Cooperation issued Decision No. 113 of 2018 to formally add the "Direct Investment Company Activity" to the permitted operations of securities companies under Egyptian law. This regulation mandates that such entities must operate as limited partnerships with a minimum paid-up capital of 10 million Egyptian pounds, requiring the general partner to hold at least 0.5% of the capital. Additionally, the decision restricts the remaining capital subscription to qualified individual, corporate, and financial investors, while allowing successive capital issuances and increases based on the company's active investment volume.
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