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Article 100 Of Chapter 10
Section: Disclosure of Interests

An Interested Person means any Person who has an interest that represents 5 % or more in the capital of a company listed on an Exchange, whether directly, indirectly, or in alliance with others. The rules and regulations issued by the Authority shall define what is meant by “Interested Person”, whether directly or indirectly, and shall define Interested Person to include where one or more Persons act as a group, or where one or more Persons work in alliance with others. It shall also specify the other interests that shall be disclosed and the procedure, method, and timing of disclosure.

 

* Article (100) 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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