{"id":557266,"date":"2021-09-13T04:00:02","date_gmt":"2021-09-13T04:00:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/"},"modified":"2021-09-13T04:00:02","modified_gmt":"2021-09-13T04:00:02","slug":"the-fra-is-making-it-easier-to-list-on-the-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/","title":{"rendered":"The FRA is making it easier to list on the EGX"},"content":{"rendered":"

<\/a> Egypt\u2019s financial regulator is making it easier for large companies to list on<\/strong> the <\/strong>EGX<\/strong>. New listing amendments (pdf)<\/a> that were announced (pdf)<\/a> 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 share sales on the Egyptian bourse. The move comes ahead of what officials have suggested will be a pickup in IPO activity in the coming months.<\/p>\n

The old rules:<\/strong> Companies looking to list on the EGX used to need to offer a minimum of 25% of the company\u2019s total shares, with no less than 10% in freefloat.<\/p>\n

The new rules:<\/strong> Companies now only need to offer a total number of shares equal to 1% of those in the EGX\u2019s total freefloat market cap. Under the new regulations, companies should have a freefloat market cap (the number of shares in freefloat multiplied by the share price) of no less than 0.5% of the EGX\u2019s total freefloat market cap.<\/p>\n

The rationale:<\/strong> By scrapping the requirement to list a 25% stake, the FRA hopes to encourage large, multi-bn EGP companies who might otherwise be reluctant to offer such a large stake to the public. That will allow them to tap public markets without significantly diluting anchor, founding or strategic shareholders who may not want to be as diluted. It will also make it easier for bankers to structure transactions<\/strong> \u2014 the move would make manageable the size of an offering by an extremely large size company, which under the old rules would require massive sums of capital to cover, an FRA source told us. And by cutting the value of a stake that very large company would have to take to market, the new regs would ensure the transaction would not suck up market liquidity or otherwise distort trading.<\/p>\n

The amendments will likely pave the way for mega-listings by <\/strong>state-owned companies<\/strong> expected <\/strong>in the coming years<\/strong>: <\/strong>President Abdel Fattah El Sisi had last month announced<\/a> that state-owned Administrative Capital for Urban Development (ACUD) could go public on the EGX in a record IPO within two years, a move that would double the value of the EGX, FRA head Mohamed Omran said at the time.<\/p>\n

More IPOs are planned before year\u2019s end: <\/strong>Planning Minister Hala El Said recently said<\/a> the state\u2019s privatization program would be making a comeback before the end of the year, with at least two, maybe three state-owned companies looking to IPO between now and December. State-owned e-finance will be among the companies to offer stakes<\/strong>, with unnamed government sources telling Al Borsa<\/a> that 10% of the company could be offered as soon as next month. We believe that figure could ultimately be higher.<\/p>\n

The FRA\u2019s latest changes come following <\/strong>new regulations<\/a><\/strong> announced in July <\/strong>under which a maximum of five companies operating in each sector can be included on the EGX30, in a move aimed at improving the index\u2019s diversity and representation of the market. Listing rules were alsoamended earlier this year<\/a> to mandate that EGX-listed firms and non-banking financial services companies appoint women to at least 25% of their board seats.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s financial regulator is making it easier for large companies to list on the EGX. 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 share sales on the Egyptian […]<\/p>\n","protected":false},"author":1,"featured_media":557267,"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":[102,68,72,76],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-egx","tag-enterpriseam","tag-financial-regulatory-authority","wpautop","entry"],"acf":{"mongo_id":"1d8882ad-0530-40c5-b5e5-e472122c978d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/163.jpg","photo_position":"above","related_issue":[557260],"teaser":"","voice_url":""},"yoast_head":"\nThe FRA is making it easier to list on the EGX - 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\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The FRA is making it easier to list on the EGX\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s financial regulator is making it easier for large companies to list on the EGX. 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 share sales on the Egyptian […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-13T04:00:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The FRA is making it easier to list on the EGX\",\"datePublished\":\"2021-09-13T04:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/\"},\"wordCount\":533,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"EGX\",\"EnterpriseAM\",\"Financial Regulatory Authority\"],\"articleSection\":[\"Capital markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/\",\"name\":\"The FRA is making it easier to list on the EGX - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-09-13T04:00:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The FRA is making it easier to list on the EGX\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The FRA is making it easier to list on the EGX - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/","og_locale":"en_US","og_type":"article","og_title":"The FRA is making it easier to list on the EGX","og_description":"Egypt\u2019s financial regulator is making it easier for large companies to list on the EGX. 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 share sales on the Egyptian […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-09-13T04:00:02+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"The FRA is making it easier to list on the EGX","datePublished":"2021-09-13T04:00:02+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/"},"wordCount":533,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1","keywords":["capital markets","EGX","EnterpriseAM","Financial Regulatory Authority"],"articleSection":["Capital markets"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/","name":"The FRA is making it easier to list on the EGX - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1","datePublished":"2021-09-13T04:00:02+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/the-fra-is-making-it-easier-to-list-on-the-egx\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"The FRA is making it easier to list on the EGX"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/163.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":581280,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/07\/capital-increases-for-listed-companies-are-going-to-be-easier-and-faster\/","url_meta":{"origin":557266,"position":0},"title":"Capital increases for listed companies are going to be easier and faster","author":"enterpriseam admin","date":"7 February 2023","format":false,"excerpt":"A streamlined capital increase process: The Financial Regulatory Authority (FRA) has amended rules governing capital increases in a bid to make it easier for EGX-listed firms to raise fresh capital, the FRA said in a statement yesterday.Faster approvals: The FRA has brought in stricter timelines that the regulator says should\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/Financial-Regulatory-Authority-FRA-1600px-fx.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576562,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/30\/egx-to-make-it-easier-for-non-egyptian-companies-to-list-provided-they-do-a-lot-of-business-here\/","url_meta":{"origin":557266,"position":1},"title":"EGX to make it easier for non-Egyptian companies to list \u2014 provided they do a lot of business here","author":"enterpriseam admin","date":"30 November 2020","format":false,"excerpt":"Non-Egyptian companies can now list shares in Egypt without meeting high capital requirements, provided they fulfil other conditions, according to changes to the Financial Regulatory Authority\u2019s (FRA) listing rules (pdf). The rules previously only allowed companies domiciled abroad to list on the EGX if their capital exceeds USD 100 mn,\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/311.jpg?fit=%2C&ssl=1&resize=350%2C200","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":557266,"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 "Speed Round"","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":542727,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/13\/one-step-closer-to-macros-ipo\/","url_meta":{"origin":557266,"position":3},"title":"One step closer to Macro\u2019s IPO","author":"enterpriseam admin","date":"13 January 2022","format":false,"excerpt":"Cosmeceuticals giant Macro Group\u2019s shares will be listed on the EGX today after receiving the blessing of the bourse\u2019s listing committee yesterday, according to an EGX statement (pdf) yesterday. The listing will pave the way for company\u2019s plan to offer up to 45.8% of its shares (which will trade under\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548242,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/fra-could-double-egx-freefloat-requirements-to-boost-liquidity\/","url_meta":{"origin":557266,"position":4},"title":"FRA could double EGX freefloat requirements to boost liquidity","author":"enterpriseam admin","date":"1 August 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/99.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549363,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/14\/listing-on-the-egx-just-got-a-little-easier-a-boost-to-margin-trading\/","url_meta":{"origin":557266,"position":5},"title":"Listing on the EGX just got a little easier + a boost to margin trading","author":"enterpriseam admin","date":"14 September 2022","format":false,"excerpt":"SMART POLICY- FRA tweaks listing procedures + scraps margin trading caps: The Financial Regulatory Authority (FRA) has handed down a slate of changes designed to boost liquidity on the EGX. At a presser yesterday, the FRA made its first major policy statement of the Mohamed Farid era, announcing new measures\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/214.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\/557266","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=557266"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557266\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557267"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557266"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557266"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}