Markets Regulations

EFSA rejected the FV study of Reacap Financial Investments as it does not fully comply to the standards of buildings' assessment and financial evaluation
20 August 02:56 PM EFSA rejects Reacap FV study
Cairo – Mubasher: The Egyptian Financial Supervisory Authority (EFSA) rejected the fair value (FV) evaluation of Reacap Financial Investments prepared by Fincorp Investment Holding as it does not fully comply to the standards of buildings' …
HADISOLB’s stock closed Tuesday down 1.44%
16 August 11:57 AM EGX suspends HADISOLB’s stock pending board decisions
Cairo – Mubasher: The Egyptian Exchange (EGX) on Wednesday announced suspending trades on Egyptian Iron and Steel’s (HADISOLB) stock until the board discloses its decisions for the meeting held Tuesday. On Tuesday, HADISOLB’s board convened to …
Wadi Degla's shareholders to obtain an approval from EFSA
13 August 12:53 PM Wadi Degla to obtain approval for Reacap shares ownership – EFSA
Cairo – Mubasher: Wadi Degla Holding’s shareholders who want to own shares in Reacap Financial Investments should obtain an approval from the Egyptian Financial Supervisory Authority (EFSA) prior to Reacap’s general assembly due to the ownership …
CITC closed the branch due to the violation of consumer protection rules
12 August 04:27 PM CITC closes on of Zain branches in Riyadh
Riyadh - Mubasher: The Saudi Communications and Information Technology Commission (CITC) announced on Saturday that it has closed one of the branches of Mobile Telecom Company (Zain) in Riyadh. CITC said that the due to the lack of transparency …
Financial leasing and factoring law to be discussed and approved by Cabinet next Wednesday
7 August 02:02 PM Cabinet to discuss financial leasing law next Wednesday - Minister
By: Ahmed Alam Cairo – Mubasher:  The financial leasing and factoring law will be discussed and approved by the Cabinet on next Wednesday, Egypt’s minister of investment and international cooperation Sahar Nasr said on Monday. The economic …
The new law will impact banks, particularly those whose capital is below the EGP 1.5 billion requirement
2 August 08:12 PM New Egyptian banking sector law requires 5 banks to hike capital – Analysis
By: Heba El-Kourdy The Egyptian government will begin enforcing a new law on the Egyptian Exchange (EGX) that involves raising the minimum capital requirement for banks to EGP 1.5 billion. The new law will impact banks, particularly those whose …
EFSA on Thursday decided to suspend City Stars for Securities Brokerage temporarily for a year starting from 25 July
27 July 02:03 PM EFSA suspends City Stars Brokerage for a year
Cairo – Egypt: The Egyptian Financial Supervisory Authority (EFSA) on Thursday decided to suspend City Stars Brokerage Co. temporarily for a year starting from 25 July, according to a statement to the Egyptian Exchange (EGX). The firm is …
The amendments seek to extend the CBE’s supervision on firms and entities operating in the banking sector
26 July 04:07 PM Opinions differ on draft amendments to expand CBE powers
Cairo – Mubasher: The draft amendment of the Central Bank of Egypt’s (CBE) Law requires legal and constitutional research since it contradicts with the supervisory powers of other regulatory bodies, according to the committee studying the draft. …
The Capital Market Authority in Saudi Arabia
17 July 03:55 PM Saudi CMA approves listing Musharaka REIT on Tadawul
Riyadh - Mubasher: The Capital Market Authority (CMA) has approved Musharaka Capital’s request to offer, register, and list "Musharaka REIT" units on the Saudi Stock Exchange (Tadawul) as a real estate investment traded fund. The CMA noted that …
Kuwait Hotels owns a 90.9% stake in Safir International Hotel Management
17 July 03:23 PM Kuwait Hotels discloses exposure to Qatari market
Mubasher: Kuwait Hotels clarified that its business in Qatar includes only operating Safir Doha Hotel through the Kuwaiti company’s subsidiary, Safir International Hotel Management. This disclosure followed the Capital Markets Authority’s (CMA) …
The collaboration aims to promote a stronger cooperation across a number of areas
10 July 02:47 PM ADX, DGCX collaborate on unified UAE clearing house
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) signed a memorandum of understanding (MoU) with the Dubai Gold and Commodities Exchange (DGCX) and its parent company, Dubai Multi Commodities Centre (DMCC) to start collaborating on a …
This comes after the UAE’s Securities and Commodities Authority (SCA) approved Emirates NBD as the first General Clearing Member for trading members
10 July 02:02 PM Subsidiary signs with Emirates NBD as first trading member
Dubai – Mubasher: Emirates NBD will provide Clearing Member services to its subsidiary Emirates NBD Securities, making the latter the first trading member to sign with the bank, a statement said on Monday. This comes after the UAE’s Securities and …