Amended Companies Act final draft to be discussed in Cabinet next meeting

The government is preparing to discuss the final draft of the amended Companies Act at the next cabinet meeting, Al Masry Al Youm reports. The draft is expected to be delivered to the Cabinet for a discussion in the next meeting, according to an official release from the Investment and International Cooperation Ministry. Minister Sahar Nasr discussed amendments regarding when to issue a call to the general assembly of listed companies with Justice Minister Hossam Abdel Rehim. The changes are meant to protect minority shareholders and target improving Egypt’s scores on the World Bank’s Doing Business Report and World Economic Forum’s Global Competitiveness Report.