The Clap
Mohamed Farid, Chairman of the FRA, said that companies will be able to be temporarily listed on the EGX until they obtain the approval of the FRA.
How
Prior to this, companies were required to obtain the approval of the FRA before they were listed on the EGX and had a month to finalize the registration after receiving approval.
Now, companies will be able to remain temporarily listed in the stock market for 6 months while they obtain the approval of the FRA.
Why this Matters
The move is part of the FRA and the EGX’s attempts to speed up the new offerings of companies.
Fewer restrictions for EGX listing 📈
