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Executive Bylaws - CMA

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Executive Bylaws

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  • February 17
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2-7-2 Transfer of Company’s Shares Listing from the Main Market to the Parallel Market Of Module Twelve: Listing Rules
Section: Chapter Two: Listing Shares of Shareholding Companies
  • Sunday, 12 February 2017

    Without prejudice to Item (1) of Article (2-8-1) of this Module, The Authority may transfer the listing of shares of a shareholding company from the Main Market to the Parallel Market in any of the following cases: 1. Based on the company’s request and subsequent to obtaining the approval of the ordinary general assembly of the company. 2. Reducing the capital of the listed shareholding company below the minimum limit as stipulated in Item (1) of the two Articles (2-1-2) and (2-2-1) of this Module, unless the company manages to comply with such rules within a year from the date of this reduction. In case of reoccurrence of the company’s Shares suspension from trading in the Main Market for a period of six months for reasons attributed to the company, the company may fulfill the requirements necessary to resume trading before the Authority decision to cancel the listing.

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