Financial Regulatory Authority

Financial Regulatory Authority

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Decision of the Board of Directors of the Financial Regulatory Authority

No. (47) of 2019 dated 8/4/2019
Amending Decision of the Board of Directors No. (11) of 2014 Regarding the Rules for Listing and Delisting Securities on the Egyptian Exchange

Board of Directors of the Financial Regulatory Authority

Having reviewed the Joint Stock Companies, Partnerships Limited by Shares, Limited Liability Companies, and Single-Person Companies Law issued under Law No. (159) of 1981 and its executive regulations; And the Capital Market Law issued under Law No. (95) of 1992 and the decisions issued in implementation thereof; And Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments; And Presidential Decree No. (191) of 2009 regarding the provisions governing the management and financial affairs of the Egyptian Exchange; And the Statutes of the Financial Regulatory Authority issued by Presidential Decree No. (192) of 2009; And Decision of the Board of Directors No. (11) of 2014 regarding the rules for listing and delisting securities on the Egyptian Exchange; And the approval of the Board of Directors at its meeting held on 8/4/2019;

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Has Decided

(Article One)

The following texts shall replace the preamble and item (2) of Article (48) of the Rules for Listing and Delisting Securities on the Egyptian Exchange issued by Decision of the Board of Directors No. (11) of 2014, referenced above:

Subject to the provision of Article (17) of the Executive Regulations of the Capital Market Law, the company's board of directors shall follow the following procedures in cases of increasing or decreasing its capital or modifying its primary offering:

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2- Calling for a meeting of the company's general assembly to consider approval of the capital increase or decrease or modification of the company's primary offering after at least 21 days from the date of publishing the disclosure report on the exchange's trading screens.

(Article Two)

This decision shall be published in the Egyptian Gazette and on the websites of the Authority and the Egyptian Exchange, and shall take effect as of the day following its publication in the Egyptian Gazette.

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Board of Directors of the Authority
Dr. Mohamed Omran

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Financial Regulatory Authority
Smart Village, Building no. B-136, Giza
Postal Code: 12577
Tel.: (00202) 35345350 - Fax: (00202) 35370036 www.FRA.gov.eg

Smart Village, Building 136, B - Giza, Egypt
Postal Code: 12577
Tel.: +202 35345350 - Fax: +202 35370036 info@fra.gov.eg