Thursday January 23 2014
News Source: Global Exchanges
Focus: Other
Type: General
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.