CmaBylaw
Executive Bylaws
11-26 Of Module Eleven: Dealing in Securities
Section: Chapter Eleven: Sukuk Regulations
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Tuesday, 14 February 2017
Obligor’s shareholders shall have a Pre-emptive Right to subscribe for Convertible Sukuk if they so desire, within a period of ten Business Days from the date of being called for using such right. Shareholders may use their pre-emptive right of subscription in such Sukuk by exceeding their share in the Obligor’s capital in the event that the subscription conditions provide for the same, unless the Obligor’s general assembly issues a resolution that the shareholders waive their pre-emptive right in subscribing for these Sukuk.
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