CmaBoardReleases
Title: Resolution No. (123) of 2021 Regarding Regulating the Division of Licensed Companies or Companies Listed in the Securities Exchange
Having Perused:
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- CMA Board of Commissioners Resolution passed in its meeting No. (38) of 2021 held on 27/10/2021.
The Following Was Resolved
Article (1)
Module One (Glossary) of the Executive Bylaws of Law No. (7) of 2010 is hereby amended pursuant to Annex (1) attached to this Resolution.
Article (2)
Chapter Five (Division) of Module Nine (Mergers and Acquisitions) of the Executive Bylaws of Law No. (7) of 2010 is hereby added pursuant to Annex (2) attached to this Resolution.
Article (3)
Appendix 11 (Procedures of Executing the Division) of Module Nine Mergers and Acquisitions) of the Executive Bylaws of Law No. (7) of 2010 is hereby added pursuant to Annex (3) attached to this Resolution.
Article (4)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Prof. Ahmad Almelhem
Issued on: 01/11/2021