{"id":642122,"date":"2017-08-07T03:43:34","date_gmt":"2017-08-07T03:43:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/"},"modified":"2017-08-07T03:43:34","modified_gmt":"2017-08-07T03:43:34","slug":"efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/","title":{"rendered":"EFSA sets deadline for abiding by minimum of 5% freefloat shares"},"content":{"rendered":"

<\/a> Thirty companies could be delisted from the EGX if they do not meet new listing <\/strong>regulations <\/strong>handed down by the Egyptian Financial Supervisory Authority (EFSA) which we noted last week<\/a>. Under the new amendments, companies do not have at least 5% of their shares in freefloat could face delisting and will be notified within a month of their status, outgoing EFSA chairman Sherif Samy told Reuters\u2019 Ehab Farouk<\/a>. The 30 companies include Orange Egypt, QNB, the National Cement Company, Alexandria Container & Cargo Handling Company, the International Company For Leasing (Incolease), and Bank ABC.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 will be notified within a […]<\/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-642122","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4c0f4c59-7b46-4c71-b0b0-fb5c4c31f755","order":"0","is_powered_by":true,"section_story_id":"74231e1e-8d7b-4cc4-bfd7-08b79f0a1157","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642111],"teaser":"","voice_url":""},"yoast_head":"\nEFSA sets deadline for abiding by minimum of 5% freefloat shares - 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\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFSA sets deadline for abiding by minimum of 5% freefloat shares\" \/>\n<meta property=\"og:description\" content=\"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 will be notified within a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-07T03:43:34+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\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFSA sets deadline for abiding by minimum of 5% freefloat shares\",\"datePublished\":\"2017-08-07T03:43:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/\"},\"wordCount\":101,\"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\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/\",\"name\":\"EFSA sets deadline for abiding by minimum of 5% freefloat shares - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-08-07T03:43:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EFSA sets deadline for abiding by minimum of 5% freefloat shares\"}]},{\"@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 deadline for abiding by minimum of 5% freefloat shares - 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\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/","og_locale":"en_US","og_type":"article","og_title":"EFSA sets deadline for abiding by minimum of 5% freefloat shares","og_description":"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 will be notified within a […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-08-07T03:43:34+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\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EFSA sets deadline for abiding by minimum of 5% freefloat shares","datePublished":"2017-08-07T03:43:34+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/"},"wordCount":101,"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\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/","name":"EFSA sets deadline for abiding by minimum of 5% freefloat shares - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-08-07T03:43:34+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EFSA sets deadline for abiding by minimum of 5% freefloat shares"}]},{"@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":640874,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/pharos-holdings-bid-for-ndcs-upcoming-egx-listing\/","url_meta":{"origin":642122,"position":0},"title":"Pharos Holdings bid for NDC\u2019s upcoming EGX listing","author":"enterpriseam admin","date":"6 September 2017","format":false,"excerpt":"Pharos Holdings is reportedly bidding to manage the National Drilling Company\u2019s (NDC) upcoming share offering on the EGX, which is necessary for the company to meet new listing regulations handed down by the Egyptian Financial Supervisory Authority (EFSA) in July, sources tell Al Mal. The new regulations \u2014 former EFSA\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"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":642122,"position":1},"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":639531,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/","url_meta":{"origin":642122,"position":2},"title":"EFSA sets one month deadline for companies to IPO after receiving approval","author":"enterpriseam admin","date":"31 October 2017","format":false,"excerpt":"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\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":629761,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/heliopolis-housing-could-list-as-much-as-30-more-shares-on-egx-bring-freefloat-up-to-57\/","url_meta":{"origin":642122,"position":3},"title":"Heliopolis Housing could list as much as 30% more shares on EGX, bring freefloat up to 57%","author":"enterpriseam admin","date":"1 April 2018","format":false,"excerpt":"IPO WATCH- Heliopolis Housing & Development is considering the sale of another 30% of its shares under the government\u2019s IPO program, a Public Enterprises Ministry official tells Al Shorouk. The move would bring the company\u2019s total freefloat up to 57%, with the Holding Company for Building and Construction holding 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":649244,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/","url_meta":{"origin":642122,"position":4},"title":"EFSA allows real estate companies to swap shares in real estate funds","author":"enterpriseam admin","date":"26 April 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority issued amendments governing subscriptions to real estate funds that would allow real estate companies to trade in shares of their company or properties for shares in real estate funds in an initial public offering, EFSA chief Sherif Samy said. Companies which subscribe to a real\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"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":642122,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642122","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=642122"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642122\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642111"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642122"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642122"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}