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Article 96 Of Chapter 9
Section: Prospectus for SecuritiesIssued by Companies

A prospectus for the shares of a company – upon its incorporation – shall include disclosures of the information as provided for in the before-mentioned Commercial Companies Law, and the information as set forth in the Bylaws, as well as the obligatory disclosure of the following information:

a) A record of the company’s historical activities.

b) Names of the Board members, directors and officials and their respective experience.

c) Names of the shareholders who each own more than 5% of the shares of the company, together with the percentage of their ownership.

d) A summary of the financial statements and information approved by auditors for the last three years or the period following the incorporation of the company – whichever is shorter – as per the disclosure rules set forth by the Bylaws and according to the templates set by the Authority.

 

* Article (96) is amended pursuant to Law No. 22 of 2015 Amending Some Provisions of Law No. 7 of 2010 regarding the Establishment of the Capital Markets Authority & Regulating Securities Activities.

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  • CMA Law