The Acquisition and Merger Regulations shall be applied to any case in which there is a purchase or a restricted offer of the shares of any company listed in the Saudi Stock Exchange, or any offer of a reverse acquisition of any of the companies listed in the Saudi Capital Market. And that it has provided them with sufficient information and advice that enables them to make the right decisions. After the offeror company makes the necessary announcements, it must submit to the Capital Market Authority for approval of the schedule for the acquisition process, including the shareholders’ approval of the acquisition process, and submitting and publishing the final offer document and handing it over to the board of directors of the offeree company and the earliest deadline. to conclude the deal and the last date for accepting the offer after which the acceptance becomes unconditional.