You now need general assembly approval to buy back treasury stocks

You now need general assembly approval to buy back treasury stocks: The Financial Regulatory Authority (FRA) has made it mandatory for companies to seek general assembly approval before buying treasury shares, Al Shorouk reports. The decision aims to protect the rights of minority shareholders by putting a policy in place to ensure that all investors are receiving fair and equal treatment, according to the newspaper. This is the latest in a series of regulatory changes from Omran, who has hit the ground running since becoming head of the authority. These have ranged from as big as imposing a one-month deadline on IPOs to as rebranding the English name of the regulator.