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Sponsors of Small and Medium Enterprises approved by the Capital Market Authority 14/7/2008      Auditors Listed at CMA Register Till 18 June 2008      Financial Advisors Listed at CMA Register Till 23 April 2008      Dr. Ahmed Saad Abdel-Latif Has Been Appointed as CMA Chairman for the Second year      The workshop for the Executive Managers on the Corporate Governance is to End Today      The People’s Assembly has approved the Amendments of the Capital Market Law No.95/1995, Stated the Minister of Investment, Dr. Mahmoud Mohieldin      Workshop for the Executive Managers on the Corporate Governance      A Specialized Website for the Investor Awareness
     


News 

CMA issues a comprehensive manual on all aspects related to splitting par value of shares– Saturday22/9/2007
     In light of CMA’s mission statement regarding protection of market participants, and maintaining integrity in the market, and given the phenomena that have prevailed the market lately, with issuing companies getting into a frenzied race to split their shares, unaware of the share splitting concept, its reasons, and justifications, compromising in the process the interests of investors on one hand, and stirring up arguments among winners and losers regarding these actions given all this, it has become absolutely necessary for the regulator to interfere to provide protection for the market by informing all participants, listed companies, and stakeholders about the truth of the shares split, necessity, and advantages and disadvantages. CMA has decided to introduce amendments to the rules for listing and continued listing at the stock exchange to regulate share splitting operations in a manner that serves the interest of investors.


     Within the framework of CMA’s uninterrupted and on-going pursuit of developing investors’ knowledge, the attached investor manual has been prepared to clarify all aspects related to the share splitting issue, and roles of all stakeholders including issuing companies, the stock exchange and the clearing house.


To access the full text of the manual,.
Click Here (Only Available in Arabic)
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