New disclosure requirements for companies listed in Egypt

MENA, Wednesday 8 Jun 2011

All companies listed on the exchange are now required to disclose quarterly their shareholding structure, board of directors and any changes in management

Egypt’s Financial Supervisory Authority issued a decree ordering all companies listed in the exchange to quarterly disclose their shareholding structure, Board of Directors and any changes management within the last ten days of each quarter.

The authority stated in a statement issued Wednesday that the decision will be applied effective Thursday.

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