Financial regulator suspends one resolution at Marsa Alam for Touristic Development
Decision 208 of 2026 rejected suspending three other resolutions from the same April 2025 assembly. The reported decision does not say what the suspended resolution covered.
10 November 2026
Egypt's Financial Regulatory Authority has suspended one of the resolutions passed at the ordinary general assembly of Marsa Alam for Touristic Development, held on 10 April 2025.
Decision 208 of 2026 followed a request from shareholders to halt several of the assembly's resolutions. The authority refused to suspend the first, second and sixth, finding the substantive grounds required by Article 100 of the Capital Market Law, Law 95 of 1992, were not met, and granted the request against the eleventh. The decision as reported does not say what the eleventh resolution covered.
The authority said the suspension does not reach decisions the company's board issued before its ruling. The decision was approved at the authority's board session on 2 November 2026, chaired by Islam Abdel Azim Azzam.