Egypt's Financial Regulatory Authority has given Banque du Caire and three other listed companies until the end of the year to sell shares on the stock exchange, two exchange sources told Reuters.
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Law no. 115 of 2015
The Financial Regulatory Authority
(
FRA ) has launched the Egyptian
Collateral Registry according to the Movable Collateral Law No. 115
of 2015. Egypt is considered one of the first countries to issue a
law regulating movable guarantees in the Arab Region.
The Egyptian Collateral Registry is a central electronic record
prepared for publishing the security rights on movables and is
subject to the supervision and control of the FRA. The security
rights on movables can be published by filling the form prepared
for this purpose, including all basic information of the security
th of July, 2021.
In line with Orascom Investment Holding s (S.A.E.) role towards its shareholders in light of the current conditions and its commitment to the precautionary measures taken by the Egyptian Government regarding the suspension of any activities comprising large gatherings in order to contain the spread of the global pandemic COVID-19. Moreover, in light of the Prime Minister s Decree No. 606 for 2020, the Financial Regulatory Authority s Decree and the General Authority for Investment Decree no. 160 for 2020 in connection with convening General Assembly meetings via modern means of telecommunication.
The Chairman of the Board of Directors of Orascom Investment Holding (S.A.E.), cordially invites the shareholders, the members of the Board of Directors, the Financial Regulatory Authority and the Auditor to attend the Ordinary General Assembly of the Company on Sunday 4th of July, 2021 at 3:00 pm via ZOOM on the following link (https://zoom.us/j/99068435