Egypt: Presidential Decree to Regulate EGX Listing Commission Fees

Egypt’s Interim president Adly Mansour, enacted on Saturday a decree to amend some of Capital Market regulations, substituting Article No. 24 of Capital Market law No. 95/1992.

The amendment allows respective minister to regulate brokerage commission fees and maximum rates of other services provided in the Egyptian Exchange.

The new decree estimates securities listing fees at 2 per 1000 of any capital, with maximum rate of EGP 500.000 annually.