Board's Decisions of 06/7/ 2020

-The Board of Commissioners decided upon the occurrence of any of the cases specified in accordance with paragraph( D) of Article (55) of the Securities Law No. (18) of 2017 as follows:
- The Licensed Person  statement of his rights in writing as described in paragraph (e) of Article (55) of the law within the period specified therein.
- For the purposes of regulating the settlement of his right, the licensed person  may directly sell the securities that he financed to the extent sufficient to fulfill his rights related to them, without the need to obtain an authorization from the client, taking into account not to affect the transactions related to securities in accordance with the provisions of Article (106) of the Securities Law No. ( 18) for the year 2017. In the case  that the sale of all or part of the securities   within  (5) working days after the period specified in accordance with paragraph (e) of Article (55) of the Securities Law, he shall  keep its equivalent  to (100%) of the remaining cash balance and  balance related to his rights from the securities financed on margin under his control and according to their market price on the expiry date of the five working days, adding  to the minimum maintenance margin specified in the Margin Financing Instructions and the decisions issued pursuant thereto. The remainder of the securities on the next working day to the account of the owner of the securities at the Securities Depository Center so that the center can implement the decisions of the competent entities.
- The Licensed Person shall be held liable to guarantee the damages incurred by his client or others in the case of misusing the right provided according to the provisions of  this Article (55) of the Securities Law No. (18) for the year  2017 according to this decision.
- The provisions of this decision shall apply to the licensed person who has not settled his rights to date in the cases referred to in paragraph (d) of Article (55) of the Securities Law No. (18) of 2017.
-Granting public shareholding companies and mutual investment funds an additional deadline to provide the Commission  with the first and second quarterly reports for the year 2020 until 6-8-2020.
-  Approving the registration of the shares of capital increase of Siniora Food Industries of  (2,000,000) two million shares, by capitalizing of JD (2,000,000) from the balance of retained earnings and distribute them  as stock dividends to shareholders on pro-rata basis provided that paying the prescribed fees.