The Clap
The Financial Regulatory Authority (FRA) wants to make it easier for companies to increase their capital.
What
These efforts include shortening the approval period by the FRA, shortening the period of convening shareholders for voting, & shortening the period between announcing the start of the subscription to the actual start.
So what
These amendments aim to provide companies with easier access to financing through the capital markets.
Now what
These amendments could shave off 37 days’ worth of procedural work for increasing capital, according to FRA Chairman Dr. Mohamed Farid.