Arab Finance: The Financial Regulatory Authority (FRA) has issued an amendment to the regulations governing registering and writing off securities on the Egyptian Exchange (EGX), as per a statement.

The amendment aims to facilitate trading on treasury shares, allowing EGX-listed companies to invest in their shares via the open market or the special operations market (OPR).

Thus, the EGX-listed firms will be able to easily redirect their surpluses or cash resources to invest in their shares as treasury shares, according to the FRA’s Chairman Mohamed Farid.

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