FRA sets new service fees to process paperwork on capital market transactions

FRA sets new service fees to process paperwork on capital market transactions: Financial Regulatory (FRA) has set new service fees to push paper on capital market transactions including EGX listings, M&A transactions, and ownership transfers, Youm7 reports. For bourse listings, the FRA will take a fee equivalent to 0.002% of the value of the shares being listed. On acquisitions and share ownership transfers (for listed and non-listed companies), businesses and individuals will be charged a fee equivalent to 0.001%, while requests for approval to issue global depository receipts will be charged 0.00025% of the transaction’s value (to a maximum of EGP 100k). Foreign listed companies that are looking for a dual listing on the EGX will also pay the FRA a fee equal to 0.00025% of the value of the shares on offer.