{"id":639531,"date":"2017-10-31T06:31:33","date_gmt":"2017-10-31T06:31:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/"},"modified":"2017-10-31T06:31:33","modified_gmt":"2017-10-31T06:31:33","slug":"efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/","title":{"rendered":"EFSA sets one month deadline for companies to IPO after receiving approval"},"content":{"rendered":"

<\/a> Companies will now have to IPO shares within one month of receiving approval to do so <\/strong>from the Egyptian Financial Supervisory Authority (EFSA)<\/strong>, the authority said in a statement on Monday<\/a> after amending listing regulations. Under new regulations, companies wishing to list new shares must first apply for approval from EFSA and submit fair value reports and details of the IPO. The amendments include an internal deadline for EFSA to process listing requests within 15 days of receiving the application. The move is meant to expedite listing procedures while ensuring transparency for investors, read the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Companies will now have to IPO shares within one month of receiving approval to do so from the Egyptian Financial Supervisory Authority (EFSA), the authority said in a statement on Monday after amending listing regulations. Under new regulations, companies wishing to list new shares must first apply for approval from EFSA and submit fair value […]<\/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-639531","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2c9e3e31-3bd8-4ed0-bc53-05dd670ebf4c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[639523],"teaser":"","voice_url":""},"yoast_head":"\nEFSA sets one month deadline for companies to IPO after receiving approval - 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\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFSA sets one month deadline for companies to IPO after receiving approval\" \/>\n<meta property=\"og:description\" content=\"Companies will now have to IPO shares within one month of receiving approval to do so from the Egyptian Financial Supervisory Authority (EFSA), the authority said in a statement on Monday after amending listing regulations. Under new regulations, companies wishing to list new shares must first apply for approval from EFSA and submit fair value […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-31T06:31:33+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFSA sets one month deadline for companies to IPO after receiving approval\",\"datePublished\":\"2017-10-31T06:31:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/\"},\"wordCount\":107,\"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\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/\",\"name\":\"EFSA sets one month deadline for companies to IPO after receiving approval - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-10-31T06:31:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EFSA sets one month deadline for companies to IPO after receiving approval\"}]},{\"@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":"EFSA sets one month deadline for companies to IPO after receiving approval - 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\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/","og_locale":"en_US","og_type":"article","og_title":"EFSA sets one month deadline for companies to IPO after receiving approval","og_description":"Companies will now have to IPO shares within one month of receiving approval to do so from the Egyptian Financial Supervisory Authority (EFSA), the authority said in a statement on Monday after amending listing regulations. Under new regulations, companies wishing to list new shares must first apply for approval from EFSA and submit fair value […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-10-31T06:31:33+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EFSA sets one month deadline for companies to IPO after receiving approval","datePublished":"2017-10-31T06:31:33+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/"},"wordCount":107,"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\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/","name":"EFSA sets one month deadline for companies to IPO after receiving approval - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-10-31T06:31:33+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EFSA sets one month deadline for companies to IPO after receiving approval"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":575679,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/intercairo-aluminium-is-dusting-off-its-plans-to-list-30-of-its-shares-on-egypts-bourse\/","url_meta":{"origin":639531,"position":0},"title":"InterCairo Aluminium is dusting off its plans to list 30% of its shares on Egypt\u2019s bourse","author":"enterpriseam admin","date":"22 October 2020","format":false,"excerpt":"IPO WATCH- InterCairo Aluminium Industry is dusting off its plans to list 30% of its shares on the EGX, which it had shelved back in 2016 amid market instability, Chairman Khaled Abdallah tells Al Mal in a story carried only in its print edition. Abdallah did not specify whether the\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":642122,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/","url_meta":{"origin":639531,"position":1},"title":"EFSA sets deadline for abiding by minimum of 5% freefloat shares","author":"enterpriseam admin","date":"7 August 2017","format":false,"excerpt":"Thirty companies could be delisted from the EGX if they do not meet new listing regulations handed down by the Egyptian Financial Supervisory Authority (EFSA) which we noted last week. Under the new amendments, companies do not have at least 5% of their shares in freefloat could face delisting and\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":636874,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/","url_meta":{"origin":639531,"position":2},"title":"EFSA planning changes to regs on treasury shares, mortgage finance","author":"enterpriseam admin","date":"2 November 2017","format":false,"excerpt":"EFSA planning changes to regs on treasury shares, mortgage finance: The Egyptian Financial Supervisory Authority (EFSA) is apparently still planning on making further changes to EGX regulations, this time with treasury stocks. EFSA is reportedly considering obliging shareholders who have acquired a stake north of 33% in a company through\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":645459,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/efsa-approves-fair-value-report-on-dbk-pharma-ahead-of-ipo\/","url_meta":{"origin":639531,"position":3},"title":"EFSA approves fair value report on DBK Pharma ahead of IPO","author":"enterpriseam admin","date":"20 July 2017","format":false,"excerpt":"IPO WATCH- The Egyptian Financial Supervisory Authority (EFSA) signed off yesterday on DBK Pharma\u2019s fair value assessment of EGP 3.1 per share ahead of the company's planned initial public offering of 35% of its shares, sources close to the matter tell Al Borsa. The report was prepared by financial consultancy\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":647199,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/efsa-issues-new-regulations-for-holding-stocks-in-brokerage-firms\/","url_meta":{"origin":639531,"position":4},"title":"EFSA issues new regulations for holding stocks in brokerage firms","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) has issued new regulations oninvestment in brokerage firms, EFSA chief Sherif Samy announced yesterday, Al Borsa reports. Under the new policy, which Samy says complement recent amendments to the executive regulations of the Capital Markets Act, the authority must sign off on any transaction\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":644856,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/05\/efsa-to-draft-new-exec-regs-for-capital-markets-act-once-it-passes-the-house\/","url_meta":{"origin":639531,"position":5},"title":"EFSA to draft new exec regs for Capital Markets Act once it passes the House","author":"enterpriseam admin","date":"5 July 2017","format":false,"excerpt":"EFSA to draft new regs for Capital Markets Act once it passes the House: The Egyptian Financial Supervisory Authority (EFSA) will be drafting new executive regulations for the amended Capital Markets Act once the House of Representatives signs off on the bill, EFSA boss Sherif Samy said on Tuesday, according\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639531","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=639531"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639531\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/639523"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639531"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639531"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}