Amendment to the requirements for listing the securities of financial free zones companies on the UAE markets
The amendment includes the cancellation of the requirement that the number of shares to be listed may not more than 30% of the company's capital
The Securities and Commodities Authority (SCA) announced that under the decision of the Chairman of the Board of Directors No. (4 / R) of 2018, Clause (6) of Article (5) of the Chairman's Decision No. 43 of 2008 concerning Joint Listing was repealed.
Article (6) of Article 5 - which has been repealed - stipulates that "The number of shares to be listed on the Market must not exceed thirty percent (30%) of the company's capital."
The said clause - which has been repealed - was included in the requirements for listing the securities of the financial free zone companies on the UAE markets.