Article 102 Of Chapter 10
Section: Disclosure of Interests
The Authority and the Exchange on which Securities are traded must be notified of any changes in any interest – subject to disclosure – that exceeds more than 0.5% of the Issuer’s capital within a period not exceeding ten business days as of the date of the change. Such reporting remains mandatory when the change results in a decline of the interest to below 5% of the capital.
* Article (102) 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.