EGX Issues Warning to Listed Companies Over Non-Compliance with E-Voting Requirements

See - Sada Elbalad

a day ago

Taarek Refaat
The Egyptian Stock Exchange (EGX) has issued a formal warning to several listed companies for failing to comply with regulations mandating the facilitation of electronic participation and voting in general assembly meetings.
In a disclosure published on the EGX trading screens earlier today, the Listing Committee cited violations of a key provision in the Securities Listing and Delisting Rules, which requires listed entities to implement digital systems that allow shareholders to remotely attend and vote during general assemblies.
The committee has given the concerned companies a 15-day deadline from the date of notification to submit a detailed plan outlining measures to ensure full compliance with the e-voting requirement. These measures must be in place before the next general assembly meeting convenes.
The EGX emphasized that such violations must not be repeated, reaffirming its commitment to digital transformation, corporate transparency, and the protection of shareholder rights. Enabling remote participation is seen as a critical step in broadening shareholder engagement and ensuring equitable access to corporate governance processes.
The move comes as part of Egypt's broader efforts to modernize capital markets infrastructure and align corporate practices with international standards.
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