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Acquisition of a 100% of a company’s capital

Estimated Time: 
Two working  days after completing all necessary procedures
Location: 
Listing Division
Estimated Fee: 

None

1
  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Possessing the whole shares of one company by another company

Conditions for obtaining service

1- The Approval of the Ministry of Industry and Trade on Acquisition 2- A quittance certificate issued by the Administration and Financial Dept. at the ASE

Notes

None

Partner institutions:

None

Procedures

1-Suspending the shares of the acquired company from trading until completing the acquisition procedures after receiving the approval of the Ministry of Industry and Trade on acquisition process.
2-Reviewing the application of acquisition to make sure that it contains all required information
3-Completing the acquisition procedures at theJSC and the SDC
4-Determining a day to resume trading on the share’s of acquired company.

 

 

Required Documents

The application of acquisition including the following:

1-The company's articles of association, memorandum of association after the amendment

2-Names of the shareholders who own (5%) or more of the company's shares

3-The names of the members of the Board of Directors, and names and positions of the top executive management, and the securities owned by any of them or their relatives

4-A copy of Minutes of the General Assembly meeting of the two companies regarding the acquisition.

5-Approval of Ministry of Industry and Trade regarding the acquisition.

6-Financial statements of the acquired company after the final approving on the acquisition.

Persons benefiting from the service

Listed public shareholding company

Files

No Found Files

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