Get Approval for Increasing Capital of Public Joint Stock Company
You can increase the company’s available funds by issuing new shares or increasing the value of existing shares in coordination with the Financial Services Authority.
Financial Services Authority
Required documents
- Extraordinary General Assembly Decision
- Prospectus
- Basic Statute
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Service fees Show
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Service steps
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1
Private Subscription: Extraordinary General Assembly decision
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2
Listing new shares on the stock exchange.
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3
Decision of the Extraordinary General Assembly or Board of Directors
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4
Direction of the company
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5
Listing new shares on the stock exchange
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6
Debt transfer: Obtaining the decision of the extraordinary general assembly and studying the debt evaluator’s report.
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7
Studying the prospectus and the articles of association according to the form approved by the Authority and approving them.
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8
Ensure that the proposed issue price is determined so that it is not less than the average sum of the highest and lowest closing prices of the company’s shares listed on the market and recorded during each week of the twenty-six weeks or the last four weeks preceding the date of disclosure of the agreement for the allocation process, whichever is higher.
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9
Follow up on the subscription and approve the results
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10
Attaching the names of the proposed individuals
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11
Obtaining the commitment
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12
Fees payment
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13
Determining the proposed issuance price
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14
Studying the prospectus and the basic status
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15
Collecting the subscription amounts
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16
Follow up on the subscription and approve the results
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17
Reservation of allocated shares
Special conditions
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