EGX issues Decision No. 36 of 2026 on accredited sponsors
Egypt’s Egyptian Exchange (EGX) issued Decision No. 36 of 2026 to regulate the work of accredited sponsors as part of its strategy to develop the small and medium-sized enterprises (SMEs) market and enhance its efficiency and sustainability.
The decision, issued by EGX Chairman Islam Azzam, replaces Decision No. 168 of 2012 and its amendments. It reflects a more advanced regulatory approach aimed at supporting listing quality, protecting investors, and strengthening the continuity of listed companies.
Under the new framework, the role of the accredited sponsor extends beyond assisting companies in meeting listing requirements to include continuous follow-up of company performance after listing. This approach seeks to ensure compliance with market rules and achieve higher standards of governance and institutional discipline, in line with international best practices.
The decision introduces substantive changes compared with the previous regulation, including an expanded scope of sponsor responsibilities after listing, stronger requirements for technical competence and expertise, clearer accountability and regulatory obligations to enhance market discipline, improved mechanisms for periodic evaluation and oversight of sponsor performance, and the simplification of certain regulatory procedures while maintaining effective supervision.
The decision also expands the range of entities permitted to operate as accredited sponsors to include the Medium, Small, and Micro Enterprise Development Agency (MSMEDA) and companies licensed to conduct financing activities for small and medium sized enterprises.
The move comes as part of the EGX ongoing efforts to develop the market’s regulatory infrastructure and reinforce its role in supporting economic growth, while deepening integration between the capital market and financing and development entities. It also aims to strengthen the market’s role as a long term financing tool, support more accurate company valuation, and enhance the sustainability, growth capacity, and overall quality of listed companies.
Attribution: Amwal Al Ghad English