The Clap
The FRA discussed new changes that it plans on applying to EGX-listed companies that will contribute to the development of the financial market.
Changes
The FRA suggested easing the procedures for listed companies acquiring non-listed companies whose value is greater than the listed companies.
The FRA also suggested that listed companies use digital means to hold their meetings and general assemblies to facilitate the attendance of shareholders.
In addition to that, the FRA wants companies to develop their investor relations, by publishing company disclosures in Arabic and English.
Why this Matters
The FRA previously approved changes to the regulations regarding the listing of companies on the EGX, including giving companies the opportunity for temporary listing until they fulfill the requirements.
