ArabFinance: The Financial Regulatory Authority (FRA) announced that non-Egyptian companies can list their shares on the Egyptian Exchange (EGX) with a minimum paid-up and issued capital similar to the required amount for Egyptian firms, according to an official statement.
The previous rules included a capital equivalent to $100 million (EGP 1.56 billion) for listing on the EGX.
As for small and medium-sized enterprises, the required capital was not less than $10 million (EGP 156.60 million) for listing shares on the Nile Stock Exchange, known as Nilex.
Capital requirements for resident companies on the EGX are EGP 100 million, and between EGP 1 million to EGP 100 million for listing on Nilex, according to Enterprise.
