Acquisition of a 100% of a company’s capital
Two working days after completing all necessary procedures
- Required Documents
- Persons benefiting from the service
- Related Services
Possessing the whole shares of one company by another company
Conditions for obtaining service1- 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
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.
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 serviceListed public shareholding company
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