This comes within the framework of the FRA's ongoing commitment to providing a favorable operating environment that enables companies to grow and develop by issuing decisions that keep pace with all changes, facilitating the process for companies listed on the EGX and non-banking financial institutions.
According to the first article of the decision, companies whose
securities or financial instruments are listed on the EGX and entities subject
to the Authority's supervision and oversight are permitted to submit their
periodic financial statements for the financial period ending March 31, 2025,
within 15 days, with the deadline to submit them no later than May 30, 2025,
instead of May 15, 2025. This is in accordance with Law No. 10 of 2009
regulating the supervision of non-banking financial markets and instruments,
Presidential Decree No. 192 of 2009 issuing the bylaws of the Financial
Regulatory Authority, and Authority Board of Directors Decision No. 11 of 2014
regarding the rules for listing and delisting securities on the EGX.
Article 2 of the decision stipulates that it shall be published in the
Egyptian Gazette and on the websites of both the Authority and the Egyptian
Exchange, and shall take effect from the day following its issuance.
It is worth noting that the FRA is moving forward to issue the necessary controls, regulations, and legislation that enable non-banking financial institutions to grow, develop, and achieve their financial and operational objectives, with a full focus on ensuring financial stability in the markets, in order to enhance the role of non-banking financial activities in the national economy.