Regulatory Alerts2016-01-01
Decision No. 83 of 26 July 2016 Regarding Companies That Previously Purchased Shares Through a Subsidiary or Entity Under Actual Control (Treasury Shares)
The Board of Directors of the Authority mandates that the one-year holding period under Article 48 of Law No. 159 of 1980 shall be calculated for resident companies that previously acquired treasury shares through subsidiaries or entities under their actual control prior to Decision No. 35 of 2016. This transitional calculation applies from the effective date of the current decision. The designated compliance period is strictly fixed to commence on 24 March 2016 and expire on 23 March 2017.
Decision No. 83 dated 26/7/2016
Regarding Companies That Previously Purchased Shares Through a Subsidiary or Entity Under Actual Control
(Treasury Shares)
The Board of Directors of the Authority has determined that the one-year period stipulated in Article (48) of Law
No. (159) of 1980 shall be calculated for resident companies whose treasury shares were previously purchased
through subsidiaries or entities under their actual control prior to the implementation of Board of Directors Decision No. (35)
of 2016. From the effective date of this Decision. (The one-year period shall commence on 24 March 2016 and expire on 23 March
(2017)