The Egyptian Exchange has granted its chairman full discretion over reinstating suspended unlisted shares on the OTC market.
TL;DR
EGX Chairman Omar Radwan issued Decision 633 of 2026, with sign-off from the Financial Regulatory Authority, amending rules for unlisted securities.
The new rules eliminate the formal application process that allowed suspended companies to request reinstatement on the automated OTC order-acceptance system.
Intelligence
Resuming trade is now entirely at the discretion of the EGX Chairman, though the exchange's power to permanently delete a security from the order book has been removed.
For businesses utilizing this automated system to trade unlisted shares, the change removes bureaucratic filing steps but introduces regulatory unpredictability regarding when trading can resume after a capital modification.
This deregulation may drive more activity to the manually recorded deals market as companies look to bypass potential discretionary delays on the automated board.
9 companies and people in this story have tracked profiles.
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