What are the requirements for increasing the capital of a listed company?
An official company letter stating: the date of increase, percentage of increase, capital before and after the increase, and type of increase (number of securities and nominal value).
Updated commercial registration issued by the Ministry of Commerce, Industry, and Investment Promotion.
Minutes of the extraordinary general meeting approving the capital increase, certified by the Ministry of Commerce, Industry, and Investment Promotion.
ID cards of authorized signatories registered in the commercial registry.
A list of shareholders included in the increase.
(Documents are submitted via the MSX website.)
What are the requirements for reducing the capital of a listed company?
An official company letter stating: the date of reduction, percentage of reduction, capital before and after the reduction, and type of reduction (number of securities and nominal value).
Updated commercial registration from the Ministry of Commerce, Industry, and Investment Promotion.
Minutes of the general meeting and necessary approvals.
ID cards of authorized signatories registered in the commercial registry.
(Documents are submitted via the MSX website.)
What are the requirements for splitting the capital of a listed company?
An official company letter stating: the date of the split, percentage of the split, capital before and after the split, and type of split (number of securities and nominal value).
Updated commercial registration from the Ministry of Commerce, Industry, and Investment Promotion.
ID cards of authorized signatories registered in the commercial registry.
Minutes of the general meeting and necessary approvals.
Board of Directors’ resolution.
(Documents are submitted via the MSM website.)
What are the requirements for merging two companies?
• Approval from the Financial Service Authority (FSA) to complete merger procedures.
• Explanatory memorandum for the merger.
• Updated commercial registration from the Ministry of Commerce, Industry, and Investment Promotion.
• Minutes of the general meeting and necessary approvals.
• Articles of association.
• An official company letter stating: date and type of merger.
• Minutes of the extraordinary general meetings of both companies.
• Central Bank approval (for banks/finance companies).
(Documents are submitted via the MSM website.)
What are the requirements for allocation and redemption operations for investment funds?
An official letter from the fund manager to the company including: the name and number of the shareholder, the number of units, entitlement date, type of operation (allocation/redemption), and any additional notes.
(Documents are submitted via the MSM website.)
How does capital split affect the stock price?
A capital split reduces the nominal value of the share, which may increase its attractiveness for trading in the market without changing the total market value.