2009-01-01
The Financial Regulatory Authority issued Decision No. 036 of 2009 to reject a request by Orascom Telecom Holding to stop Decision No. 7 of the Ordinary General Assembly of Mobinil. The rejected request sought to halt the Assembly's resolution not to distribute profits for the financial period ending March 31, 2009. The Authority determined that the legal grounds for stopping the decision under Article 10 of Law No. 95 of 1992 were not met.