Monday 12/May/2025 – 12:57 PM
The Board of Directors of the Financial Supervisory Authority, headed by Dr. Mohamed Farid, issued Resolution No. 101 of 2025, regarding the extension of the period of presenting periodic financial statements for companies registered with papers or financial tools on the Egyptian Stock Exchange and the authorities subject to the supervision and control of the authority.
This came within the framework of the continuous concern of the authority to provide a favorable work environment that enables companies to grow and develop by issuing decisions that keep pace with all variables in order to facilitate companies that are restricted to securities in the stock exchange tables and non -bank financial institutions.
Extend the period of submitting the financial statements to the companies registered on the stock exchange until the end of next May
According to the first article of the decision, companies are allowed to have papers or financial tools in the tables of the Egyptian Stock Exchange and the bodies subject to the supervision and control of the authority to provide periodic financial lists for the financial period ending on March 31, 2025 for a period of 15 days, to be no later than May 30, 2025 instead of May 15, 2025.
And that is after reviewing Law No. 10 of 2009 to regulate control over markets and non -banking financial tools, and on Presidential Resolution No. 192 of 2009 to issue the articles of association of the General Authority for Financial Supervision, and on the Board of Directors of the Authority No. 11 of 2014 regarding the rules for registration and removal of securities on the Egyptian Stock Exchange.
The second article of the decision also included that it is published in the Egyptian facts and on the website of both the authority and the Egyptian Stock Exchange, and it is worked on from the day following the date of its issuance.
It is worth noting that the General Authority for Financial Supervision is moving forward towards issuing the necessary controls, regulations and legislations that enable non -bank financial institutions to grow and develop and achieve their financial and operational targets, with a full focus on ensuring the achievement of financial stability for markets and the safety of transactions, their development and the balance of the rights of all parties dealing with the provision of means and systems and the issuance of rules that guarantee the efficiency of these markets and the transparency of activities practiced In it, in order to enhance the role of non -banking financial activities in the national economy.
