The stock exchange fines 4 companies 55 thousand pounds for violating the rules of registration and executive procedures

Economy and stock exchange

The Listing Committee of the Egyptian Stock Exchange decided that 4 companies will be fined 55 thousand pounds for violating the rules of registration and cancellation of securities and the executive procedures thereof.

The committee fined the two Egyptian companies for international tourism projects, Pyramisa for hotels and tourist villages – Pyramisa worth 10 thousand each, for violation of the provisions of Article 34 of the rules of registration and cancellation of securities and Article 51 of the executive procedures, and fined the Central Mills and West Delta same amount, For violation of the provisions of Article 32 of the rules of registration and cancellation of securities and Article 44 of the executive procedures.

The Commission also fined the Middle Egypt Flour Mills Company a sum of LE 25,000 for violating the provisions of Article 31 of the Rules of Registration and Deletion of Securities and Article 45 of the executive procedures.

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