Egypt Financial Regulatory Authority ties Egytrans NOSCO acquisition to listing rule reforms and signals rollout of derivatives and securities lending

The Egypt Financial Regulatory Authority published remarks by its Chairman Mohamed Farid delivered at the Egyptian Exchange’s opening session to mark the completion of Egytrans’ acquisition of the National Company for Transport Services and High Seas (NOSCO). Farid presented the transaction as a product of recent regulatory and structural reforms that are intended to strengthen the investment climate and expand financing routes through the capital market. The statement links the deal to changes to listing rules and to offering and trading requirements, alongside the development of an integrated digital market infrastructure aimed at attracting more listed companies and improving market efficiency. It also points to the expansion of transport and logistics infrastructure since 2014 as supporting greater investment opportunities for the sector, and references a broader set of capital market products available under the non-bank financial services framework, including equity, gold and real estate funds, exchange-traded index certificates, private equity and venture capital funds, and special purpose acquisition companies managed by licensed investment managers. Looking ahead, Farid indicated that additional mechanisms intended to raise liquidity and activity are expected to be introduced, including financial derivatives, securities borrowing and lending, and market-making, and encouraged companies to pursue further acquisition transactions.