What are exempted transfers?
| Exempted transfers are divided to two main categories: | ||
| • | Transactions excluded from trading through the market which include the following: | |
| 1. | Inheritance transfers. | |
| 2. | Family transfers that occur between ascendants and descendants and between siblings or between half-siblings and between spouses. | |
| 3. | Transfer for the Purpose of Dividing the Joint Ownership of Securities | |
| 4. | Donating securities to religious, charitable or social associations registered at the competent authorities. | |
| 5. | Waqf of securities whether charitable or descendentiary. | |
| 6. | Securities contained in wills | |
| 7. | Transfers that occur in accordance with the Law of the Government's Acquisition of Monies that Reach Limitation. | |
| First case: Transfer from the owner of securities that reach limitation to the Ministry of Finance. | ||
| Second case: Second case: Transfer from the Ministry of Finance to the owner of securities that reach limitation. | ||
| 8. | Transfers in accordance with decisions of courts and execution departments. | |
| 9. | Transfers in accordance with the JSC's decisions. | |
| 10. | Transfers that occur between the Founders of an Issuer in accordance with the relevant Laws and/or authorities decisions during the period of lock-up of the founding shares. | |
| • | Transfer of Ownership of Non-Traded Securities | |
FAQS Taxonomy
