Adoption of Settlement Rules of Corporate Bonds listed at EGX

Egyptian Exchange Posted

The Egyptian Financial Regulatory Authority (FRA) adopted the executive rules submitted by Misr for Clearing Settlement & Central Depository (MCDR) after coordination with the Egyptian Exchange (EGX) for trading settlement of listed Corporate Bonds to be during the main trading session. This action was taken in response to requests from investment banks and asset management companies. This action aims to activating the corporate bonds market and provide an incentive for bonds trading at EGX.