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More Supervision Issues within the SEO

The SEO in order to enhance disclosure and transparency with the ultimate objective to provide an effective market for the investors has recently departmentalized the Issuers Affairs into four offices.

The SEO in order to enhance disclosure and transparency with the ultimate objective to provide an effective market for the investors has recently departmentalized the Issuers Affairs into four offices. This step was taken to raise the efficiency and efficacy of supervision on issuers. The decision has been made based on “industry” in which all the listed companies are working. The newly-established offices are as follow:

1) “Office of Supervision on Chemical Group” which covers the supervision on companies active in oil products, energy, pharmaceuticals, and foodstuff sectors,
 
2.  “Office of Supervision on Financial and Services Sector Issuers” which covers the supervision on companies active in financial services, banks, insurances, leasing, investment companies, telecommunications, and commercial (transportation) sectors,
 
3. “Office of Supervision on Industry and Mine Group” which covers the supervision on companies active in mines and metals, machinery, cement and construction sectors, and
 
4. “Office of Supervision on Trusted Auditors and Financial Reporting” which focuses on the supervision on trusted auditors.