Presence in the jurisdiction
Presence in the jurisdiction

[Last updated: 1 January 2024, unless otherwise noted]

The Listing Rules do not impose an explicit requirement for a listed foreign issuer to maintain physical presence or an office in Egypt. However, the Listing Rules do require a listed foreign issuer to appoint a legal representative to be present in Egypt. The legal representative must be a permanent resident in Egypt, well informed about the issuer and capable of responding to inquiries of the EGX, FRA, shareholders and related parties. The foreign issuer must notify the EGX of its representative at the time of the listing application, and further notify the EGX immediately after any changes to its representative. The legal representative is appointed by virtue of a resolution of the issuer's board of directors.