Amendments to Capital Market Law aim at complying with int'l rules, says min.

CAIRO - 12 February 2018: Proposed amendments to Capital Market Law no. 95 of 1992 aim at complying with international rules and pumping additional instruments into the Egyptian market, Minister of Investment and International Cooperation Sahar Nasr said.

Addressing the parliament's economic affairs committee on Sunday, Nasr urged achieving financial inclusion and activating the role of the non-banking financial sector.

The new amendments also aim at protecting rights of the minority shareholders in cases of acquisition and increasing fines imposed on any stakeholder who violates the acquisition provisions, she noted.