Thursday January 23 2014

News Source: Global Exchanges

Focus: Other

Type: General

Country: Egypt

Link:




It has been reported that Egypt’s Financial Regulator will implemenet new regulations for companies listed on the stock exchange on February 1, 2014 to help boost trading and attract more investment.

A listed company will no longer require permission from the Egyptian Financial Supervisory Authority to split shares or have to call a general assembly prior to a capital increase as long as it complies with pre-set rules.

This information will be updated as soon as further details become available.