{"id":548242,"date":"2022-08-01T03:30:55","date_gmt":"2022-08-01T03:30:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/"},"modified":"2022-08-01T03:30:55","modified_gmt":"2022-08-01T03:30:55","slug":"fra-could-double-egx-freefloat-requirements-to-boost-liquidity","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/","title":{"rendered":"FRA could double EGX freefloat requirements to boost liquidity"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>FRA could double EGX freefloat requirements:<\/strong> The Financial Regulatory Authority (FRA) is studying the possibility of increasing the minimum freefloat requirement for EGX-listed companies to 10% of their total shares, up from a current 5%, FRA Chairman Mohamed Omran told <a href=\"https:\/\/twitter.com\/CNBCArabia\/status\/1553717674953302016\">CNBC Arabia<\/a> yesterday. The FRA chief says the move would increase liquidity and trading volumes on the bourse, with Omran saying yesterday that some 72% of the shares owned by institutional investors on EGX are not traded, according to <a href=\"https:\/\/bit.ly\/3Jk8FZs\">Al Mal<\/a>. His statements come as the FRA holds public hearings this week on its <a href=\"https:\/\/ent.news\/2022\/5\/FRA-Strategy-2022-2026-Print-Final-1.pdf\">2022-2026 strategy<\/a>.<\/p>\n<p><strong>But market stability + the state\u2019s privatization push come first: <\/strong>Attracting fresh listings to the bourse and helping push forward the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/158188ff-65a9-4146-adc1-5f53c1a3f6e5\">state\u2019s plan to boost private participation<\/a> in state-owned entities are the FRA\u2019s priorities, Omran was reported as saying by <a href=\"https:\/\/www.asharqbusiness.com\/article\/40184\">Bloomberg Asharq<\/a>. He added that upping freefloat requirements would only be considered once the markets are stable and have recovered from current volatility.<\/p>\n<p><strong>REMEMBER- The government is still holding out hope that it could sell stakes in as many as 10 companies <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/356bf5ad-541f-41d3-a8de-71232ef2b9cb\">before the end of the year<\/a><\/strong>, though the bourse is down more than 20% YTD amid global investor pullback from emerging markets, anemic volumes, rising US interest rates, redemptions from equity funds around the world, and talk of recessions in developed economies. The FRA <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1d8882ad-0530-40c5-b5e5-e472122c978d\">last year moved to reduce<\/a> the amount of capital that companies need to offer in freefloat in a move designed to encourage share sales on the bourse.<\/p>\n<p><strong>OTHER BITS & PIECES-<\/strong><\/p>\n<p><strong>The regulator could cut fees to brokerage firms or postpone their collection by a year <\/strong>to help companies out until market conditions improve, Omran added, according to <a href=\"https:\/\/alborsaanews.com\/2022\/07\/31\/1562912\">Al Borsa<\/a>.<\/p>\n<p><strong>ESG bonds and carbon certificates on the horizon? <\/strong>Cabinet could issue amendments to the executive regulations of the Capital Markets Act, paving the way for the issuance of various kinds of sustainable bonds and carbon certificates, Omran said, according to <a href=\"https:\/\/twitter.com\/AsharqBusiness\/status\/1553708782869438465\">Bloomberg Asharq<\/a> and <a href=\"https:\/\/bit.ly\/3vtYyLY\">Hapi Journal<\/a>. This comes a few days after the FRA <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6c0d1571-8db4-4e2e-9b0c-aebf04bd20de\">reportedly received a request<\/a> from a \u201clocal authority\u201d to set up a fund for trading carbon credits to coincide with the COP27 summit in November.<\/p>\n<p><strong>Unnamed US investors are interested in setting up an agricultural investment fund<\/strong> ranging between EGP 750 mn and EGP 1 bn<strong>, <\/strong>Omran told <a href=\"https:\/\/twitter.com\/AsharqBusiness\/status\/1553708782869438465\">Bloomberg Asharq<\/a>, as the regulator looks to encourage inflows into agriculture and precious metals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRA could double EGX freefloat requirements: The Financial Regulatory Authority (FRA) is studying the possibility of increasing the minimum freefloat requirement for EGX-listed companies to 10% of their total shares, up from a current 5%, FRA Chairman Mohamed Omran told CNBC Arabia yesterday. The FRA chief says the move would increase liquidity and trading volumes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":548243,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7303],"tags":[102,835,68,72,119,76,871],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-carbon-credits","tag-egx","tag-enterpriseam","tag-financial-markets","tag-financial-regulatory-authority","tag-regulation-watch","wpautop","entry"],"acf":{"mongo_id":"2536ab4d-117b-445b-9178-0cb733d8fbc7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/99.jpg","photo_position":"above","related_issue":[548233],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FRA could double EGX freefloat requirements to boost liquidity - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA could double EGX freefloat requirements to boost liquidity\" \/>\n<meta property=\"og:description\" content=\"FRA could double EGX freefloat requirements: The Financial Regulatory Authority (FRA) is studying the possibility of increasing the minimum freefloat requirement for EGX-listed companies to 10% of their total shares, up from a current 5%, FRA Chairman Mohamed Omran told CNBC Arabia yesterday. The FRA chief says the move would increase liquidity and trading volumes [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-01T03:30:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/99.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA could double EGX freefloat requirements to boost liquidity\",\"datePublished\":\"2022-08-01T03:30:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/\"},\"wordCount\":400,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/99.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"carbon credits\",\"EGX\",\"EnterpriseAM\",\"Financial Markets\",\"Financial Regulatory Authority\",\"regulation watch\"],\"articleSection\":[\"Capital markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/\",\"name\":\"FRA could double EGX freefloat requirements to boost liquidity - 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New listing amendments (pdf) that were announced (pdf) yesterday by the Financial Regulatory Authority (FRA) will reduce the amount of capital that companies need to offer to the public in a move designed to encourage\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631876,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/fra-approves-new-listing-regs-that-raise-freefloat-requirement\/","url_meta":{"origin":548242,"position":1},"title":"FRA approves new listing regs that raise freefloat requirement","author":"enterpriseam admin","date":"29 March 2018","format":false,"excerpt":"FRA approves new listing regs that raise freefloat requirement: The Financial Regulatory Authority (FRA) signed off yesterday on amendments to EGX listing regulations that raise the minimum requirement for the number of shares that need to be in freefloat, according to a FRA statement. Under the amended regulations, companies looking\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569247,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/did-the-fra-just-make-reverse-takeovers-possible\/","url_meta":{"origin":548242,"position":2},"title":"Did the FRA just make reverse takeovers possible?","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"REGULATION WATCH- Did the FRA just make reverse takeovers (aka: \u201creverse IPOs\u201d) possible? The Financial Regulatory Authority (FRA) has made two amendments to EGX listing regulations that allow publicly-traded companies to acquire larger non-listed companies, according to an official statement (pdf). Under the new rules, EGX-listed companies can go after\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555555,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/18\/egx-trading-fees-are-cut-and-caps-on-margin-trading-delayed\/","url_meta":{"origin":548242,"position":3},"title":"EGX trading fees are cut \u2014 and caps on margin trading delayed","author":"enterpriseam admin","date":"18 November 2021","format":false,"excerpt":"EGX fees are set to be cut and planned caps on margin trading could be delayed as the government looks to cushion the impact of the planned capital gains tax on EGX trades. In a meeting led by the Financial Regulatory Authority (FRA) yesterday, policymakers agreed to cut trading, clearance\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/505.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601388,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/","url_meta":{"origin":548242,"position":4},"title":"FRA issues regulations to activate short selling","author":"enterpriseam admin","date":"27 February 2019","format":false,"excerpt":"Habemus short selling: The Financial Regulatory Authority (FRA) took a giant leap forward in the drive to bring short selling to the Egyptian Exchange when it issued regulations yesterday that allow brokerage firms to act as market makers by finding lenders and borrowers of stocks, the market regulator said in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561038,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/idh-is-one-step-closer-to-listing-on-egx\/","url_meta":{"origin":548242,"position":5},"title":"IDH is one step closer to listing on EGX","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"Consumer healthcare giant Integrated Diagnostics Holdings (IDH) is one step closer to its dual listing on the EGX after the company received Financial Regulatory Authority (FRA) approval yesterday to go ahead with the transaction, IDH said in a disclosure (pdf) to the London Stock Exchange. IDH had submitted the paperwork\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/284.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548242"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548242\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548243"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548242"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548242"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}