Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

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Decision of the Board of Directors of the Financial Regulatory Authority

No. (15) for 2023 dated 20/1/2023
Regarding the Voluntary Suspension of Prime Fintech for Financial Investments' Activities

Board of Directors of the Financial Regulatory Authority

Having reviewed the Capital Market Law issued by Law No. (95) of 1992; and the Law No. (10) of 2009 regarding the regulation of supervision over non-banking financial markets and instruments; and the Presidential Decree No. (197) of 2009 regarding the Basic Law of the Financial Regulatory Authority; and the Board Decision No. (194) of 2018 regarding the conditions and controls for the voluntary suspension of activities of companies operating in the securities field, and its amendments; and the Extraordinary General Assembly resolution of the Company held on 21/9/2022 to temporarily suspend the company's activities for one year as of the issuance of the Financial Regulatory Authority's decision; and the memorandum dated by the Corporate Governance Central Department, approved by the Establishment and Privatization Committee in its meeting No. (532) on 16/1/2023; and the approval of the Board of Directors in its session held on 20/1/2023.

Decided

(Article One)

The voluntary suspension of the activities of Prime Fintech for Financial Investments Company for one year, as of the date of issuance of the Board's decision, in accordance with Article 33 of the Capital Market Law issued by Law No. 95 of 1992.

(Article Two)

This decision shall be published on the stock exchange announcement screens and the Authority's website, and this decision shall take effect as of the day following its issuance. The concerned authorities are tasked with implementing it, each within its respective scope.

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Chairman of the Board
Financial Regulatory Authority
Dr. Mohamed Fared Saleh

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ARAB REPUBLIC OF EGYPT
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