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.