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Application for Public Joint Stock Companies Acquisition

This service enables companies to obtain CMA’s approval to increase their ownership percentage in capital of public joint-stock companies listed in a financial market through purchase and/or exchange or any agreement, deal, or special arrangement

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Service Process

Conditions & Requirements

Acquisition of capital shares of public joint-stock companies incorporated in the state which offer their shares in a public offering or whose shares are listed on the state’s financial markets; or the acquisition of convertible securities, when exercising the right of conversion.

Publication of a summary of the assessment report together with the notice of the general meeting, outlining the methodologies applied, the key assumptions underlying the assessment, and the factors influencing the financial results.

Service completion duration

Application for Public Joint Stock Companies Acquisition
1 Hours

Application for Public Joint Stock Companies Acquisition
9 Days

Service channels
  1. Email
Service Classfication

G2B

Service Code

370-001-057-000

Required Documents

  1. An application for obtaining the CMA's initial approval. Such application shall include sufficient information on the acquirer and its plans and strategy to acquire the target company

  2. Copy of the resolution by the acquiring company's Board approving the acquisition, stating share amount, implementation method, and any specific conditions for execution.

  3. The draft announcement of the intent to submit an acquisition offer

  4. The draft of acquisition offer and its document

  5. The draft recommendation of the participating advisors concerning their independent professional opinion as for their recommendation related to the acquisition

  6. A copy of the agreements signed with the associated and independent advisors (of the acquirer company and the target company

  7. A copy of the approvals obtained by the acquiring company from competent state authorities (e.g. central bank for banks, finance, investment, and insurance companies).nce companies).

  8. A copy of the agreement of termination fees made between the acquirer company and the target company (if any).

  9. The receipt stating the payment of the application fee of AED (30,000) by the payment methods adopted by the CMA

  10. Anti-Money Laundering and Real Beneficiary Model.(C2)

For assistance, get in touch through

Call: 800 SCAUAE (722823)

Working Hours

  • Monday-Thursday: 7:30 AM - 3:30 PM
  • Friday: 7:30 AM - 12:00 PM
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