Extension of the subscription period

This service enables public joint-stock companies to extend the subscription period for their initial public offerings

Service Process

Conditions & Requirements

The expiry of subscription period and the subscription in the offered shares has not been fully covered during the specified period.

Non-appointment of an underwriter.

The additional subscription period shall not exceed (10) ten working days.

FAQ’s

Is it necessary to submit a request to extend the subscription period if the shares were not fully subscribed to and the founders wanted to subscribe to the remaining capital?

Service completion duration

Application (Processing) Time
10 Mins

Service Duration Completion
2 Days

Service channels

SCA WEBSITE

Target audience

PJSC Companies
Free zone Companies

Service Code

370-001-055-002

Required Documents

A request from the company / founders committee to extend the subscription period
A certificate from the subscription manager of the position of the subscription, the amounts that have been subscribed, and the number of remaining shares.

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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