Regulatory Alerts2019-01-01
Board of Directors Decision No. (100) of 2019 Regarding the Temporary Suspension of Portfolio Formation and Management Activities for the Egyptian Investment Holding Group Company
The Financial Regulatory Authority (FRA) issued Decision No. 100 of 2019 to temporarily suspend the licensed portfolio formation and management activities of the Egyptian Investment Holding Group Company for a period of one year. The suspension takes effect the day after the decision's issuance on August 4, 2019, and the company must resume its operations immediately upon the expiration of this one-year period. The decision mandates publication on the FRA's website and stock exchange screens, with relevant authorities instructed to enforce it according to their respective jurisdictions.
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