CmaBylaw
Executive Bylaws
5-28 Of Module Eleven: Dealing in Securities
Section: Chapter Five: Securities Subscription
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Sunday, 12 February 2017
In the event of a Public Offer, it shall be advertised by publishing a summary of the Prospectus thereof in two local newspapers issued in the Arabic language and one local newspapers issued in the English language, provided that these newspapers are widely circulated, that the announcement is published at least two Business Days before the opening of subscription and that it includes the following information, at a minimum: 1. Name and number of the commercial register of the Issuer, Obligor and Guarantor, if any. 2. Securities’ risks. 3. Name of the Subscription Agent, Investment Advisor, other agents or trustee (as the case may be). 4. How the public may obtain a copy of the Prospectus. 5. Statement that recommends to investors to read the contents of the Prospectus before investment, to assess relevant risks and seek professional advice. 6. Subscription applications opening and closing dates. 7. Disclaimer statement as follows:“The Authority or other Regulatory Bodies in Kuwait assumes no responsibility whatsoever for the contents and accuracy of this announcement or damages resulting from relying on any part of this announcement”
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