Misr for Central Clearing, Depository and Registry (MCDR) was established according to the provisions of the Capital Market law # 95 of 1992 and within the framework of the programs adopted by the Capital Market Authority (CMA) for developing the capital market mechanisms and applying the central depository system. This is done based on the French expertise of Paris stock Exchange and SICOVAM; a w
orld leader in the application of the central depository system. The Central Depository and Registry Law was issued on the 18th of May, 2000 to regulate MCDR activities, establish the relevant legal framework and add new activities to help MCDR become a self Regulatory Organization. The activities and structure of the MCDR are regulated by a special law that grants MCDR the authorities required to undertake its functions, perform its duties and develop the services it provides to members according to the best international practices.
• The authorized capital was set at EGP 10 million and the issued capital was set at EGP three million distributed on 30,000 shares; the value of each share is EGP 100.
• The authorized capital was increased to EGP 15 million and the issued capital was also increased to be EGP 15 million distributed on 150,000 shares; the value of each share is EGP 100.
• Another increase was effected on the authorized capital to make it EGP 50 million and the issued capital is also increased to be EGP 18,750,000 distributed on 187,500 shares; with a par value of EGP 100 for each share.
• The authorized capital was increased once more to be EGP 100 million and the issued capital was also increased to EGP 40 million distributed on 400,000 shares with a par value ofEGP 100 for each share.
• In 2009, MCDR authorized capital was increased to EGP250 million and issued capital increased to EGP 154 million distributed on 1,540,000 shares with EGP100 par value for each share.
