{"id":576562,"date":"2020-11-30T04:14:11","date_gmt":"2020-11-30T04:14:11","guid":{"rendered":"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\/"},"modified":"2020-11-30T04:14:11","modified_gmt":"2020-11-30T04:14:11","slug":"egx-to-make-it-easier-for-non-egyptian-companies-to-list-provided-they-do-a-lot-of-business-here","status":"publish","type":"post","link":"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\/","title":{"rendered":"EGX to make it easier for non-Egyptian companies to list \u2014 provided they do a lot of business here"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Non-Egyptian <\/strong><strong>companies can now list shares in Egypt without meeting high capital <\/strong><strong>requirements<\/strong>, provided they fulfil other conditions, according to changes to the Financial Regulatory Authority\u2019s (FRA) <a href=\"http:\/\/www.fra.gov.eg\/content\/efsa_ar\/decisions\/dec1762020.htm\">listing rules (pdf)<\/a>. The rules previously only allowed companies domiciled abroad to list on the EGX if their capital exceeds USD 100 mn, or is between USD 10-100 mn for smaller caps looking to list on Nilex. For comparison, <a href=\"https:\/\/www.egx.com.eg\/en\/How_list.aspx\">capital requirements<\/a> for resident companies on the EGX are EGP 100 mn and between EGP 1-100 mn on small cap Nilex.<\/p>\n<p><strong>To be exempt from the minimum capital requirement for foreign companies<\/strong>, these entities must have more than 50% of their shareholders\u2019 equity, revenues, and assets attributable to subsidiaries they registered in Egypt. They also cannot be listed elsewhere before coming to Egypt. Companies that meet these requirements will be subject to the same capital requirements that apply to their homegrown counterparts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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, or is between USD 10-100 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":576563,"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":[8614],"tags":[72,76,871],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-watch","tag-enterpriseam","tag-financial-regulatory-authority","tag-regulation-watch","wpautop","entry"],"acf":{"mongo_id":"77ed9e99-8898-4db9-b7cb-cbe7e6fb737f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/11\/311.jpg","photo_position":"above","related_issue":[576554],"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>EGX to make it easier for non-Egyptian companies to list \u2014 provided they do a lot of business here - 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\/2020\/11\/30\/egx-to-make-it-easier-for-non-egyptian-companies-to-list-provided-they-do-a-lot-of-business-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX to make it easier for non-Egyptian companies to list \u2014 provided they do a lot of business here\" \/>\n<meta property=\"og:description\" content=\"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, or is between USD 10-100 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"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\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-30T04:14:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/311.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"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\/#article\",\"isPartOf\":{\"@id\":\"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\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX to make it easier for non-Egyptian companies to list \u2014 provided they do a lot of business here\",\"datePublished\":\"2020-11-30T04:14:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"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\/\"},\"wordCount\":164,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"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\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/311.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Financial Regulatory Authority\",\"regulation watch\"],\"articleSection\":[\"REGULATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"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\":\"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\/\",\"name\":\"EGX to make it easier for non-Egyptian companies to list \u2014 provided they do a lot of business here - 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Announced (pdf) by the regulator yesterday, the framework sets out the capital requirements, shareholder structure and regulatory responsibilities SPAC founders will need to\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\/541.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"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":576562,"position":1},"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 &quot;REGULATION WATCH&quot;","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":702755,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/17\/four-new-temporary-listings-head-to-the-egx\/","url_meta":{"origin":576562,"position":2},"title":"Four new temporary listings head to the EGX","author":"enterpriseam admin","date":"17 May 2026","format":false,"excerpt":"Four state-owned companies have secured provisional EGX listings across pharma, fertilizers, and tourism \u2014 the latest batch to join the country\u2019s growing temporary listings, according to bourse statements.Meet the companies:Chemical Industries Development (CID): Issued capital of EGP 400 mn, distributed over 40 mn shares with a par value of EGP\u2026","rel":"","context":"In &quot;Privatization Watch&quot;","block_context":{"text":"Privatization Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/privatization-watch-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/488.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566780,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/egx-listed-companies-nbfs-players-will-face-mandatory-esg-disclosures\/","url_meta":{"origin":576562,"position":3},"title":"EGX-listed companies + NBFS players will face mandatory ESG disclosures","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"Mandatory ESG reporting requirements are coming for EGX-listed companies and just about all NBFS players under a decree issued by the Financial Regulatory Authority (FRA), which will force corporates to report on key environmental, social and governance metrics and principles each year at the same time as they file their\u2026","rel":"","context":"In &quot;SPEED ROUND: CAPITAL MARKETS&quot;","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/406.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555142,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/03\/lets-skip-the-formalities-and-just-spac\/","url_meta":{"origin":576562,"position":4},"title":"Let\u2019s skip the formalities and just SPAC","author":"enterpriseam admin","date":"3 November 2021","format":false,"excerpt":"Two companies are already eyeing setting up SPACs in Egypt to acquire and list fintech players, Zulficar & Partners founding partner Anwar Zeidan told Enterprise, confirming a story that was originally published in Al Mal. The companies are both non-banking financial services (NBFS) players, one of which is Egyptian, while\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\/302.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542803,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/egypts-first-ever-spac-to-list-on-egx-by-next-month-omran\/","url_meta":{"origin":576562,"position":5},"title":"Egypt\u2019s first-ever SPAC to list on EGX by next month -Omran","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Make way for our first SPAC: Egypt\u2019s first blank-check company will be established within the next month, Financial Regulatory Authority (FRA) chief Mohamed Omran told Bloomberg Asharq yesterday. \u201cAt the end of this month or early next month, we will have the first blank check company,\u201d he said. The SPAC\u2026","rel":"","context":"In &quot;EGX&quot;","block_context":{"text":"EGX","link":"https:\/\/enterpriseam.com\/egypt\/category\/egx\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/203.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\/576562","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=576562"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/576562\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/576554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/576563"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=576562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=576562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=576562"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=576562"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=576562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}