Al-Sharkawy: Delisting, Re-listing Fall Under EGX Administration

Dr. Ashraf Al-Sharkawy – the Chairman of the Egyptian Financial Supervisory Authority (EFSA), asserted that delisting or re-listing firms from the Egyptian Exchange (EGX) falls under the bourse administration.

Al-Sharkawy also added that relisting firms on EGX should be in compliance with the bourse’s listing rules and requirements.

Meanwhile, Al-Sharkawy noted that it is necessary to choose appropriate timing to activate the financial mechanisms (T+0 and T+1) for the purposes of maintaining the capital market’s stability.