Regulatory Alerts2022-01-01
Decision of the Board of Directors of the Authority No. (85) for 2022
The Financial Regulatory Authority’s Board of Directors issued Decision No. 85 of 2022 to reject a shareholder request holding over 5% of the capital, seeking suspension of the Egyptian Iron and Steel Company’s Ordinary General Assembly decisions dated January 11, 2021. The ruling determines that the request failed to meet statutory formal requirements under Article 10 of the Capital Market Law, thereby upholding the original assembly resolutions. Effective immediately upon issuance, the decision directs all relevant authorities to execute its provisions according to their respective jurisdictions.
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