Article 71 Of Chapter 7

Section: Acquisitions and Protection of Minority Interests

The acquisition offer means the offer, or solicitation to offer, or request to own:

1 - All shares of a Listed Company or all shares of any class(s) in a Listed Company, other than the shares owned by the offeror, or its subsidiaries or affiliates on the offer submission date.

2 - All of the remaining shares in the offeree company, and which are offered to all the other shareholders in that company as a result of the acquisition of the offeror and its subsidiaries and affiliates of a majority share in the company, which enables it to control the Board of Directors. The Authority shall issue a resolution determining the required majority percentage to apply the provisions of this Article.