Amendments to the terms of incorporation of financial free zones companies in their securities in the country markets

Cancellation of the requirement not to exceed the number of shares to be included

For 30% of the company's capital

The Securities and Commodities Authority ) clarified that under the firm decision of the Chairman of the Board of Directors No. (4 / R) for the year 2018, Article (6) of Article (5) of the Chairman's Decision No. 43 of 2008 regarding Joint Listing .

Article (6) of Article 5 - which has been repealed - provides that 'the number of shares to be included in the State markets shall not exceed 30% of the company's capital.'

The item, which was canceled, was included in the terms of listing the financial free zone companies in the country's markets

SCA - Securities and Commodities Authority published this content on 18 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 January 2018 12:09:12 UTC.

Original documenthttps://www.sca.gov.ae/English/News/Pages/Articles/2018/2018-1-18.aspx

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