FRA postpones elections for MCDR presidency, Board membership
Postponement will continue until all procedures to ratify amendments of company’s basic system are completed
Latest in Tag: MCDR Highlight
Latest in Tag: MCDR
MCDR to start board nomination procedures on Sunday
Company’s board nomination deadline is 28 April
Alaa Amer wins MCDR Chairperson election by 93.5% landslide
The other candidate in the elections, Ashraf Al-Dabaa, received only 5% of the votes.
MCDR chairperson election starts on Monday
Several changes to be made to next general assembly
MCDR limits board membership to 6-year term
Amendments to company’s corporate governance to be presented to General Assembly on 5 August, says Managing Director
MCDR opens door to chairmanship election candidacy
MCDR’s new chairperson will be elected for one-year term to complement the current board’s tenure from 2018 to 2021.
MCDR to hold chairmanship election within 2 months
Deputy Chairperson Abdel Bary assumes office of acting chairperson until election
FRA accepts MCDR Chairperson’s resignation
Abdel Salam had submitted his resignation to FRA Chairperson Mohamed Omran on Tuesday. The resignation is effective as of 18 May, when the MCDR’s general assembly comes to an end.
FRA announces excluded candidates in MCDR election
The authority has also excluded Safwat Abdel Moneim for not meeting the conditions required for running the election, as it was revealed that he currently works as a branch head of Mubasher Trade since May 2017. Mubasher is a shareholding company of MCDR.
Securities lending to be conducted through custodians under MCDR system: Abdelbary
New short Selling mechanism to be launched before end-November
MCDR spends EGP 72m for its general assembly in May
Member of the board of directors of Misr for Central Clearing, Depository and Registry company (MCDR), Awny Abdel Aziz, told Daily News Egypt that his company spent EGP 72m in the form of profit distribution for the members of the general assembly in the last few months, as the profits of 2016. He said that …
E-Finance, MCDR, NITD cooperate to launch electronic payment services
E-Finance, a company specialising in the field of electronic payment and money collection, signed a protocol of cooperation with Misr for Central Clearing, Depository, and Registry (MCDR) and with Nile Information Technology and Dissemination (NITD) to activate the electronic payment for investors and brokerage firms for the first time in the Egyptian market. The protocol …
T+0, T+1 mechanisms increase by 40% of daily trading
MCDR targets interconnection with ADX and develop storage capacities by 2017, Abdul Bari says
MCDR sends capital tax files of non-listed companies in EGX to tax authority
MCDR managing director confirms that the files include a number of purchase and sales transactions and tax dues
GDR ratios not to exceed free-floating shares, MCDR to monitor
MCDR is closing the door for GDR transfers to Edita, OTMT, GTH, as they exceed the free-floating shares ratio
Ministry of Investment cancels EGP 10,000 fee for depositing securities at MCDR
Decision eases way for SMEs to register in the central depository system, says MCDR Managing Director
MCDR rejects ECMA’s request of a 50% reduction in fees of T+1 and T+2 mechanisms
ECMA requested a reduction in the fees on all operations carried out using the two mechanisms, in which the ratio of 1/8 in a thousand per operation would be reduced to 1/16 in a thousand
Nasdaq Dubai launches new ‘share link’ to facilitate trading for Egyptian investors
New link enables Egyptian brokers to trade securities of Nasdaq Dubai through its members