El-Madany & ICON Saudi Arabia
El-Madany & ICON Saudi Arabia Signing a cooperation protocol between El-Madany Securities Legal Consultancy and ICON Saudi Arabia June 29,...
El Madany for Securities and Legal Consultations: Specialized expertise in capital markets. Over 20 years of experience, certified listing agent in EGX, 14 lawyers, 13 legal experts in the capital market,10 strategic partners, 6 Of Counsel, 39% Market share in the Egyptian market transactions and trusted by 1236 clients for fast, accomplished solutions.
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Get quick answers to common questions about our specialized securities and legal consultation services. Clear your doubts and make informed decisions.
Get quick answers to common questions about our specialized securities and legal consultation services. Clear your doubts and make informed decisions.
Before entering or investing in companies, it is necessary for the investor to determine the exit mechanism. Non-banking financing tools, including offering and listing company shares on the stock exchange, are considered one of the best and fastest safe exit mechanisms. The exit mechanism should be agreed upon from the beginning, and it may stipulate a policy to the exit mechanism and all its procedural steps in the shareholders’ agreement.
Closed joint stock companies (whose shares are not listed on the stock exchange). Every shareholder desire to sell his shares or part of his shares to a buyer, whether from outside the company or from one of the company’s shareholders, this procedure is required to be through the OTC at the Egyptian Stock Exchange. By signing contracts, purchase and sale orders, and other several documents through one of the securities brokerage companies, with the assistance of a legal advisor specialized in the capital market (optional, not mandatory), and executing the process through the stock exchange.
Joint stock companies, where each shareholder can determine the strategy that governs the relationship between shareholders and the mechanism, time and manner of exit and protection from competition through the shareholders’ agreement and its approval by a general assembly of the company or stipulates that in one of the provisions of the general assembly.
Offering shares of joint-stock companies on the stock exchange means that the shareholder sells part or all of his shares through the stock exchange, and in this case the proceeds of the sale enter the seller’s personal account.
On the other hand, if the company desires to finance its business plans by subscribing to an increase in its company’s capital by investors on the stock exchange, in this case the proceeds of the subscription are entered into the company’s account for the purpose of achieving the company’s business plan and the shareholders’ account.
By concluding netting contracts and stipulating all the details and terms of the contract and voting on them by the General Assembly.
The General Assembly because it represents the votes of shareholders and the General Assembly can reconstitute the Board of Directors.
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