This regulatory measure aligns with the FRA's broader goals of boosting market efficiency, protecting competitiveness, and promoting fairness in dealing and pricing.
The company has offered to repurchase shares from shareholders who object to this move at a price of LE 39.80 per share.
During last year’s COP27 conference, Egypt revealed that it would launch Africa’s first voluntary carbon market, allowing companies in Egypt and Africa to trade certified carbon credits
The minimum amount is $500 and the maximum is $10,000 per plan during the year.
FRA head, Mohamed Farid, has announced that the authority’s board of directors has issued two new decisions regarding investment funds dealing in minerals as one of the transferred financial values
This came during a promotional tour by an Egyptian delegation to both Saudi Arabia and the United Arab Emirates (UAE).
According to FRA’s statement, Mohamed Farid Saleh has been appointed as the Chairman of the Egyptian Stock Exchange since August 2017, according to Prime Minister Decision No. 1759/2017.
He pointed out that the current crisis is similar to the period of the global crisis in 2008, pointing out that increasing the supply side is a good solution to deal with that crisis.
In the following lines, ET sheds light on the most important world events that took place on February 14.
Chief of Staff of the Armed Forces Lieutenant General Mohamed Farid inspected on Saturday the measures to raise the combat efficiency of a unit of the southern military area.
The exercise, which lasted for several days in Sudan, came with the participation of personnel from the ground, naval, air and air defense forces, in addition to the special Thunderbolt forces and Airborne Corps from the two countries
Farid made a visit to the permanent operations center in Arish city and listened to a detailed explanation of the plans and the decisions the army and police personnel are carrying out to uproot terrorism and preserve stability in North Sinai.
The leaders included Defense Minister Mohamed Zaki, Chief of Staff of the Armed Forces Mohamed Farid, heads of the army’s main branches as well as other key commanders, officers, non-commissioned officers and soldiers.
The Egyptian-Burundian cooperation protocol enables the two armies to exchange expertise and reflects the consensus in the visions of the two countries’ armies toward the issues of mutual concern, a statement by the Egyptian army spokesman said.
The project was carried out by a unit of the western military region, within the framework of a combat training plan for the formations and units of the armed forces.
Chief-of-Staff of the Armed Forces Lt. Gen. Mohamed Farid attended Wednesday the main stage of a joint military drill dubbed "Saif Al Arab," - "Sword of Arabs".
Special forces from both countries are also taking part in the exercise.
He said that global and oil market declines are normal due to the current crises and the global panic of the coronavirus.
In a seminar held at the headquarters of Business Today Egypt in Cairo, Farid started with a presentation on the stock exchange management efforts to develop the market in coordination with all parties.
"Offering state-owned companies is one of the most important steps that countries take to revitalize the stock market,"Farid stated.