Regulatory Alerts2014-03-31
Added · Updated
Requirement to Provide the Central Bank with Data on Participation in Companies Exceeding 5% Capital
Banks must notify the Central Bank of Egypt at least two months before participating in any financial or non-financial company with a stake exceeding 5% of its capital. The notification must include specific details such as the company's purpose, shareholders, executive management, target participation percentage, and exit strategy. The Central Bank will review the submission and provide any observations within two months of receipt.
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