Establishment of registry contributes to the improvement of Egypt’s ranking in the Doing Business reports issued by the World Bank, and we expect to complete its operation during 6 month, says Kafafy
Sherif Samy, chairperson of the Egyptian Financial Supervisory Authority (EFSA), said that five draft laws and money market development files are currently handed to the Minister of Investment’s Sahar Nasr business portfolio after assigning her the role of the competent Minister of EFSA. Samy explained that the money market is currently waiting for the approval …
We should think about integrating incorporating entities before preparing the public offerings programme to increase efficiency
The law will be submitted to the cabinet within days, said Sami
The offering of public companies and the IMF loan are just tools, and their success does not mean that we are on the right path, says Samy
Company to hold an extraordinary general assembly to change its name to Mubasher for managing financial investments and increase its capital to EGP 5m
The regulations will be discussed with the community in the coming days, says EFSA chairperson
The EFSA’s decision to retroactively change the legal status governing the general holding companies’ reacquisition of shares from workers unions came last week. The EFSA made an exception to the Capital Market Law which stipulates a compulsory tender must be made for all the shares of a company once 33% of ownership has been transferred.
Financial services companies with experience in financing small businesses can link banks to clients, says EFSA chairman
The executive regulations include technical measures, such as organising the electronic registry of the guarantees and risk management, says EFSA chairman
EFSA to reconsider procedures governing GDR profits, repatriation, double-entry stocks
Trading on stock exchange will resume after financial lists are reviewed, shareholders will have the right to seek compensation
Chairman will personally revise the standards of evaluation
The Egyptian Financial Supervisory Authority (EFSA) has finalised the procedures of bringing the Mortgage Finance Authority, the Egyptian Stocks Exchange (ESE) and the Private Insurance Funds under one supervisory body, state-owned news agency MENA has reported. As a result of the merger, all non-banking financial operations including mortgage financial affairs, leasing, factoring, securitisation, insurance activities …
