Alliance Law Firm is honored to participate, along with other law firms, in the preliminary sessions, held by the Financial regulatory Authority chairman, to discuss the draft amendments. The approved amendment includes new forms of sukuk issuances, which have been approved by Al-Azher, for the sake of diversifying investment instruments. Also, it includes amendments to the mandatory tender offer rules in relation to setting prices for purchasing non-active shares according to the fair value concept.
Source: FRA
