Executive
Council Resolution No. (64) of 2022
Prescribing
the Maximum Percentage of the
Salik
Company PJSC Shares to be Offered for Public Subscription[1]
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We, Hamdan bin Mohammed bin Rashid Al Maktoum,
Crown Prince of Dubai, Chairman of the Executive Council,
After perusal of:
Federal Law No. (4) of 2000
Establishing the Emirates Securities and Commodities Authority and Market and
its amendments;
Federal Law by Decree No. (32)
of 2021 Concerning Commercial Companies;
Cabinet Resolution No. (12) of
2000 Regulating the Listing of Securities and Commodities and its amendments;
Law No. (3) of 2003 Establishing
the Executive Council of the Emirate of Dubai;
Law No. (12) of 2022
Establishing the Salik Company PJSC;
Decree No. (3) of 2021
Concerning the Listing of Stocks of Joint Stock Companies on the Securities
Markets in the Emirate of Dubai;
Resolution No. (3) of 2022
Concerning Representation of the Government of Dubai in the Companies it Owns;
and
Executive Council Resolution No.
(41) of 2022 Approving the Organisational Structure of the Salik Company PJSC,
Do hereby issue this Resolution.
The shares
of the Salik Company PJSC that may be offered for public subscription and
transferred to others must not exceed twenty-four point nine percent (24.9%) of its share
capital.
This
Resolution comes into force
on the day on which it is issued, and will be published in the Official
Gazette.
Hamdan bin
Mohammed bin Rashid Al Maktoum
Crown Prince of Dubai
Chairman of the Executive
Council
Issued in Dubai 2 September 2022
Corresponding to 6 Safar 1444 A.H.
©2022 The Supreme
Legislation Committee in the Emirate of Dubai
[1]Every effort
has been made to produce an accurate and complete English version of this
legislation. However, for the purpose of its interpretation and application,
reference must be made to the original Arabic text. In case of conflict, the
Arabic text will prevail.