{"id":637171,"date":"2017-11-09T04:04:27","date_gmt":"2017-11-09T04:04:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/"},"modified":"2017-11-09T04:04:27","modified_gmt":"2017-11-09T04:04:27","slug":"you-now-need-general-assembly-approval-to-buy-back-treasury-stocks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/","title":{"rendered":"You now need general assembly approval to buy back treasury stocks"},"content":{"rendered":"<p><strong>You now need general assembly approval to buy back treasury stocks: <\/strong>The Financial Regulatory Authority (FRA) has made it mandatory for companies to seek general assembly approval before buying treasury shares, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=08112017&id=c0b7766f-d9ad-4a80-879c-c99b704f4f28\">Al Shorouk reports<\/a>. The decision aims to protect the rights of minority shareholders by putting a policy in place to ensure that all investors are receiving fair and equal treatment, according to the newspaper. This is the latest in a series of regulatory changes from Omran, who has hit the ground running since becoming head of the authority. <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/\">These have ranged<\/a> from as big as imposing a one-month deadline on IPOs to as rebranding the English name of the regulator.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You now need general assembly approval to buy back treasury stocks: The Financial Regulatory Authority (FRA) has made it mandatory for companies to seek general assembly approval before buying treasury shares, Al Shorouk reports. The decision aims to protect the rights of minority shareholders by putting a policy in place to ensure that all investors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637171","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3047bf15-bb86-432f-a2be-6b7ab94a21f9","order":"0","is_powered_by":true,"section_story_id":"735de172-cd55-4fc1-9476-0a7eb9a019bf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637159],"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>You now need general assembly approval to buy back treasury stocks - 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\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You now need general assembly approval to buy back treasury stocks\" \/>\n<meta property=\"og:description\" content=\"You now need general assembly approval to buy back treasury stocks: The Financial Regulatory Authority (FRA) has made it mandatory for companies to seek general assembly approval before buying treasury shares, Al Shorouk reports. The decision aims to protect the rights of minority shareholders by putting a policy in place to ensure that all investors [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-09T04:04:27+00:00\" \/>\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\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"You now need general assembly approval to buy back treasury stocks\",\"datePublished\":\"2017-11-09T04:04:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/\"},\"wordCount\":122,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/you-now-need-general-assembly-approval-to-buy-back-treasury-stocks\/\",\"name\":\"You now need general assembly approval to buy back treasury stocks - 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A handful of companies have launched an unprecedented wave of\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":569701,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/gb-auto-palm-hills-arabia-investments-plan-stock-buybacks\/","url_meta":{"origin":637171,"position":2},"title":"GB Auto, Palm Hills, Arabia Investments plan stock buybacks","author":"enterpriseam admin","date":"4 March 2020","format":false,"excerpt":"GB Auto, Arabia Investments, Palm Hills plan stock buybacks: GB Auto, Palm Hills, and Arabia Investments are all looking to buy back stock over the next few weeks in a bid to hedge against the current market volatility caused by the covid-19 outbreak. GB Auto is set to purchase 10\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":569741,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/05\/orascom-obour-land-mm-group-and-eg-kuwait-holding-co-are-lining-up-for-stock-buybacks\/","url_meta":{"origin":637171,"position":3},"title":"Orascom, Obour Land, MM Group and EG Kuwait Holding Co. are lining up for stock buybacks","author":"enterpriseam admin","date":"5 March 2020","format":false,"excerpt":"Orascom, Obour Land, Raya, MM Group and EKH jump on the stock buybacks wagon: Orascom Development Egypt (ODE), Raya Holding, Obour Land, MM Group, and Egypt Kuwait Holding (EKH) are all lining up to buy back treasury shares in the next few weeks, as several companies are looking to capitalize\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":569676,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/03\/palm-hills-egypt-board-approves-purchase-of-62-mn-treasury-stocks\/","url_meta":{"origin":637171,"position":4},"title":"Palm Hills Egypt board approves purchase of 62 mn treasury stocks","author":"enterpriseam admin","date":"3 March 2020","format":false,"excerpt":"Palm Hills Development\u2019s (PHD) board of directors approved the purchase of 62.351 mn treasury stocks to hedge against the \"unjustified\" drop in the company's stock price on the Egyptian Exchange (EGX), according to a regulatory filing (pdf). 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