19 Hrs
Source:
اليوم السابع
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Source: اليوم السابع
19 Hrsاليوم السابع
Source: اليوم السابع
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The Central Bank and Banking Sector Law imposes a fine of between one and two million pounds for violating the rules governing ownership stakes in banks’ capital. It prohibits anyone from owning more than 10% of a bank’s capital or voting rights—or a stake that gives them effective control—without the board’s prior approval. Voting and dividend rights attached to any excess shares are suspended, and the violator must sell them within six months. If the excess stake results from inheritance or a bequest, the ownership must be brought into compliance within one year; this period may be extended by a further year if a sale cannot be completed.
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