ع

Published on the same date

No announcements

The Capital Market Authority Approves the Amendment to Annex 1 of the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies

​​As part of the CMA efforts to develop the capital market in Saudi Arabia, and improve performance of business in the private sector, and based on the Capital Market Law issued by Royal Decree No. (M/30) Dated 2/6/1424 H, the CMA Board issued its Resolution to approve the amendments to Annex 1 (Proxy Form) of the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies by deleting the official seal requirement, if the shareholder is a legal person.

This amendment aims to reduce the requirements for the shareholder when it authorizes, pursuant to a written proxy, another person to attend the general and special assembly meetings and to vote on the agenda on its behalf.

​The Amended Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies can be viewed via the following link:

Regulatory Rules and Procedures issued pursuant to the Companies Law​​