Alqabas, 4 June 2023: Kuwait’s Capital Market Authority has released Decision No. 80/2023, on the amendment of some of the provisions of the executive regulations of Kuwait Law No. 7/2017 on the establishment of the Capital Market Authority and the regulation of securities activities, including subsequent amendments.
The revised provisions specifically focus on Chapter 9, which addresses Mergers and Acquisitions. As per the amendments, the inclusion of future plans as a mandatory item within the documentation concerning the company being acquired has been introduced.
Additionally, the amendments outline specific scenarios in which an exemption from the obligation to submit a mandatory acquisition offer is applicable.
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