Request approval for a strategic partner

This service enables companies to obtain the CMA’s approval to increase their capital stock through the entry of a strategic partner

Service Process


Conditions & Requirements

The strategic partner must have an activity similar or complementary to the issuing company and provides a real benefit for it.

The strategic partner must have issued two balance sheets for at least two fiscal years, with the exception of the federal and local government


FAQ’s

Service completion duration

Application (Processing) Time
1 Hours

Service Duration Completion
9 Days


Service channels
  1. SCA WEBSITE

Target audience
  • Local public joint-stock company

Service Code

370-001-011-011


Required Documents

  1. A request addressed to the Authority for approval to issue shares for the purpose of increasing the company’s capital through the contribution of a strategic partner and amending the company’s Articles of Association, accompanied by the following:

  2. 1. A study outlining the reasons and necessity for introducing the strategic partner as a shareholder in the company’s capital, and the expected benefits to the company’s financial position and profitability from such participation

  3. 2. An Arabic copy of the agreement concluded between the company and the strategic partner, clarifying the mechanisms of participation and exit, duly approved by all parties and stamped with the company’s seal.

  4. 3. Approvals from the relevant authorities for the capital increase and the entry of the strategic partner (e.g., approval from the Central Bank for banks, finance, investment, and insurance companies).

  5. 4. A copy of the Board of Directors’ meeting minutes approving the entry of the strategic partner into the company

  6. 5. The prospectus for the capital increase through the entry of a strategic partner with an in-kind contribution, in accordance with the template approved by the Authority.

  7. 6. A draft notice for the General Assembly meeting to issue a special resolution regarding the proposal to introduce the strategic partner as a shareholder in the company’s capital and to approve the capital increase as determined by the Board of Directors.

  8. 7. A draft of the Articles of Association provisions to be amended (before and after amendment) based on the capital increase resolution.

  9. 8. A copy of the special resolution of the General Assembly approving the entry of the strategic partner as a shareholder in the company.

  10. 9. A declaration from the public joint stock company confirming compliance with the provisions of Federal Decree-Law No. (32) of 2021 and Chairman of the Authority’s Decision No. (11/R.M) of 2016 concerning the Regulations for Offering and Issuing Shares of Public Joint Stock Companies

  11. 10. A declaration from the strategic partner confirming compliance with the provisions of Federal Decree-Law No. (32) of 2021 and Chairman of the Authority’s Decision No. (11/R.M) of 2016 concerning the Regulations for Offering and Issuing Shares of Public Joint Stock Companies.

  12. 11. Anti-Money Laundering and Ultimate Beneficial Owner (UBO) Form.

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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