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

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. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean