In accordance with the directives of the Prime Minister Dr. Mostafa Madbouly, GAFI CEO Counselor Mohamed Abdel-Wahab issued a decree to set up a unit named "Services Unit for Companies Listed on the Egyptian Exchange (EGX)".
The decree stipulates that a Services Unit for Companies Listed on EGX would be set up in GAFI, directly be affiliated to GAFI CEO, and be headed by Yasser Ahmed Abbas, the Head of Investment Services Sector. The unit would work on swiftly providing the services to companies incorporated in GAFI whose securities are listed on EGX, in all the relevant departments of GAFI.
It would examine the challenges and complaints related to these companies, and promptly decide on and take the necessary measures to solve such challenges, either through direct communication with the competent departments of GAFI or through GAFI CEO, if necessary. Services Unit of Companies Listed on EGX would examine the subject matters referred to it by GAFI CEO, and propose legislative and procedural recommendations that would facilitate the completion of services as per specific timelines, as well as overcome all practical and procedural difficulties facing the companies incorporated in GAFI whose securities are listed on EGX.
The Unit also would coordinate with specialists in EGX and all concerned entities and hold periodic meetings to discuss common subject matters and promptly solve them. The decree assigns the Unit to create an e-mail dedicated to receiving complaints and requests submitted regarding the services related to companies incorporated in GAFI and whose securities are listed on EGX, provided that, the Unit is addressed by the form designated for this purpose, and all supporting documentation are attached to such form.
The Unit is committed to preparing a periodic report at the end of each month on all complaints and requests received from the companies incorporated in GAFI whose securities are listed on EGX, and the measures taken in this regard. In addition to the Unit’s recommendations, provided that the report is presented to GAFI CEO.