SCA Board of Directors’ Decision No. 32/R.M. of 2019 Regarding the procedures for companies listed on the market whose accumulated losses amount to 20% or more of their capital

The Chairman of the Securities and Commodities Authority, having considered,

- The Federal Law No. 4 of 2000 concerning the Emirates Securities and Commodities Authority and Market, as amended;

- The Federal Law No. 2 of 2015 concerning the Commercial Companies;

- The Federal Decree No. 130 of 2017 concerning the Formation of the Cabinet of the United Arab Emirates;

- The Cabinet Decision No. 12 of 2000 concerning the Regulation as to Listing Securities and Commodities;

- The Cabinet Decision No. 13 of 2000 concerning the Regulation of Functioning of the Securities and Commodities Authority, as amended;

- The Cabinet Decision No. 14/8W of 2017 concerning the Restructuring of the Securities and Commodities Authority's Board of Directors;

- The Authority's Board of Directors’ Decision No. 3 of 2000 concerning the Regulation as to Disclosure and Transparency, as amended;

- The Authority's Board of Directors’ Decision No. 2 of 2001 concerning the Regulations as to Trading, Clearing, Settlement, Transfer of Owner...