FRA shortens time required to increase capitals of EGX-listed companies

Updated 3/5/2023 1:13:00 PM
FRA shortens time required to increase capitals of EGX-listed companies

Arab Finance: The Financial Regulatory Authority (FRA) has amended the rules of listing capitals in the Egyptian Exchange (EGX), allowing shortening the time needed to increase capitals of listed firms, the regulator said on March 3rd.

The amendments also enable the companies’ general assemblies to authorize their boards of directors to complete and follow up on capital increase according to a timetable, in tranches, and with a maximum limit equal to the issued capital.

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