{"id":19540,"date":"2025-09-14T00:46:48","date_gmt":"2025-09-14T00:46:48","guid":{"rendered":"https:\/\/blog.mergerscorp.com\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/"},"modified":"2025-09-14T00:46:48","modified_gmt":"2025-09-14T00:46:48","slug":"%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7","status":"publish","type":"post","link":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/","title":{"rendered":"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:474\"><span class=\"citation-46 citation-end-46\">\u0644\u0642\u062f \u0634\u0647\u062f\u062a \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u0623\u063a\u0631\u0627\u0636 \u0627\u0644\u062e\u0627\u0635\u0629 (SPACs)\u060c \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u062a\u064f\u0639\u062a\u0628\u0631 \u0641\u064a \u064a\u0648\u0645 \u0645\u0646 \u0627\u0644\u0623\u064a\u0627\u0645 \u0645\u0633\u0627\u0631 &#8220;\u0627\u0644\u0634\u064a\u0643\u0627\u062a \u0639\u0644\u0649 \u0628\u064a\u0627\u0636&#8221; \u0625\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0627\u0645\u0629\u060c \u0631\u062d\u0644\u0629 \u0645\u062a\u0642\u0644\u0628\u0629 \u0639\u0644\u0649 \u0645\u062f\u0649 \u0627\u0644\u0633\u0646\u0648\u0627\u062a \u0627\u0644\u0642\u0644\u064a\u0644\u0629 \u0627\u0644\u0645\u0627\u0636\u064a\u0629.<\/span>  \u0628\u0639\u062f \u0627\u0644\u0627\u0632\u062f\u0647\u0627\u0631 \u0627\u0644\u0630\u064a \u0634\u0647\u062f\u0647 \u0627\u0644\u0633\u0648\u0642 \u0641\u064a \u0639\u0627\u0645\u064a 2020 \u06482021 \u0648\u0627\u0644\u0630\u064a \u0634\u0647\u062f \u0623\u062d\u062c\u0627\u0645\u064b\u0627 \u0642\u064a\u0627\u0633\u064a\u0629 \u0641\u064a \u0639\u0627\u0645\u064a 2020 \u06482021\u060c \u0634\u0647\u062f \u0627\u0644\u0633\u0648\u0642 \u0647\u062f\u0648\u0621\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0641\u064a \u0639\u0627\u0645\u064a 2022 \u06482023.  <span class=\"citation-45 citation-end-45\">\u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0641\u0642\u062f \u0623\u0634\u0627\u0631 \u0639\u0627\u0645 2024 \u0648\u0623\u0648\u0627\u0626\u0644 \u0639\u0627\u0645 2025 \u0625\u0644\u0649 \u0625\u0639\u0627\u062f\u0629 \u062a\u0642\u064a\u064a\u0645 \u0648\u062a\u0643\u064a\u064a\u0641 \u0646\u0645\u0648\u0630\u062c \u0628\u0631\u0646\u0627\u0645\u062c \u062f\u0639\u0645 \u0627\u0644\u0628\u0631\u0627\u0645\u062c \u0627\u0644\u062e\u0627\u0635\u0629 \u0648\u0627\u0644\u062a\u0646\u0633\u064a\u0642\u060c \u0645\u0639 \u0627\u0644\u062a\u0631\u0643\u064a\u0632 \u0627\u0644\u0645\u062a\u062c\u062f\u062f \u0639\u0644\u0649 \u0627\u0644\u062c\u0648\u062f\u0629 \u0648\u0627\u0644\u0634\u0641\u0627\u0641\u064a\u0629 \u0648\u0627\u0644\u0645\u0648\u0627\u0621\u0645\u0629 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629.<\/span><\/p>\n<h3 data-sourcepos=\"5:1-5:30\">\u0645\u0627 \u0647\u0648 SPAC\u061f \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0627\u062a <\/h3>\n<p data-sourcepos=\"7:1-7:368\"><span class=\"citation-44 citation-end-44\">\u0641\u064a \u062c\u0648\u0647\u0631\u0647\u0627\u060c \u0634\u0631\u0643\u0629 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0647\u064a \u0634\u0631\u0643\u0629 \u0648\u0647\u0645\u064a\u0629 \u0644\u0627 \u062a\u0642\u0648\u0645 \u0628\u0623\u064a \u0639\u0645\u0644\u064a\u0627\u062a \u062a\u062c\u0627\u0631\u064a\u0629\u060c \u062a\u0645 \u062a\u0623\u0633\u064a\u0633\u0647\u0627 \u0641\u0642\u0637 \u0644\u062c\u0645\u0639 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0645\u0646 \u062e\u0644\u0627\u0644 \u0637\u0631\u062d \u0639\u0627\u0645 \u0623\u0648\u0644\u064a \u0628\u0647\u062f\u0641 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0639\u0644\u0649 \u0634\u0631\u0643\u0629 \u062e\u0627\u0635\u0629 \u0642\u0627\u0626\u0645\u0629.<\/span>  \u0648\u064a\u0624\u062f\u064a \u0647\u0630\u0627 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630\u060c \u0627\u0644\u0645\u0639\u0631\u0648\u0641 \u0628\u0627\u0633\u0645 \u0635\u0641\u0642\u0629 &#8220;\u0625\u0644\u063a\u0627\u0621 \u0627\u0644\u0637\u0631\u062d \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0623\u0648\u0644\u064a&#8221;\u060c \u0625\u0644\u0649 \u0637\u0631\u062d \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u062e\u0627\u0635\u0629 \u0644\u0644\u0627\u0643\u062a\u062a\u0627\u0628 \u0627\u0644\u0639\u0627\u0645 \u062f\u0648\u0646 \u0627\u0644\u062e\u0636\u0648\u0639 \u0644\u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629.<\/p>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p data-sourcepos=\"9:1-9:40\">\u0648\u0639\u0627\u062f\u0629\u064b \u0645\u0627 \u062a\u062a\u0645 \u0627\u0644\u0639\u0645\u0644\u064a\u0629 \u0639\u0644\u0649 \u0645\u0631\u0627\u062d\u0644:<\/p>\n<ol data-sourcepos=\"11:1-15:0\">\n<li data-sourcepos=\"11:1-11:289\"><strong>\u062a\u0634\u0643\u064a\u0644 \u0634\u0631\u0643\u0629 SPAC \u0648\u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628 \u0627\u0644\u0639\u0627\u0645:<\/strong> <span class=\"citation-43 citation-end-43\">\u064a\u0642\u0648\u0645 \u0641\u0631\u064a\u0642 \u0625\u062f\u0627\u0631\u0629 \u0623\u0648 \u0631\u0627\u0639\u064d \u0630\u0648 \u062e\u0628\u0631\u0629 \u0628\u062a\u0623\u0633\u064a\u0633 \u0634\u0631\u0643\u0629 \u0645\u0633\u0627\u0647\u0645\u0629 \u062e\u0627\u0635\u0629 \u0630\u0627\u062a \u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0645\u062d\u062f\u0648\u062f\u0629 \u0648\u064a\u062c\u0645\u0639 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0639\u0645\u0648\u0645\u064a\u064a\u0646.<\/span> \u0648\u0639\u0627\u062f\u0629\u064b \u0645\u0627 \u064a\u062d\u0635\u0644 \u0647\u0624\u0644\u0627\u0621 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0639\u0644\u0649 \u0648\u062d\u062f\u0627\u062a \u062a\u062a\u0643\u0648\u0646 \u0645\u0646 \u0623\u0633\u0647\u0645 \u0639\u0627\u062f\u064a\u0629 \u0648\u0636\u0645\u0627\u0646\u0627\u062a. <span class=\"citation-42 citation-end-42\">\u0648\u064a\u062a\u0645 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0627\u0644\u0639\u0627\u0626\u062f\u0627\u062a \u0641\u064a \u062d\u0633\u0627\u0628 \u0627\u0633\u062a\u0626\u0645\u0627\u0646\u064a.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"12:1-12:197\"><strong><span class=\"citation-41\">\u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0647\u062f\u0641:<\/span><\/strong><span class=\"citation-41 citation-end-41\"> \u0639\u0627\u062f\u0629\u064b \u0645\u0627 \u064a\u0643\u0648\u0646 \u0623\u0645\u0627\u0645 \u0634\u0631\u0643\u0629 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0645\u0646 18 \u0625\u0644\u0649 24 \u0634\u0647\u0631\u064b\u0627 \u0644\u062a\u062d\u062f\u064a\u062f \u0634\u0631\u0643\u0629 \u062e\u0627\u0635\u0629 \u0645\u0646\u0627\u0633\u0628\u0629 \u0648\u0627\u0644\u0627\u0646\u062f\u0645\u0627\u062c \u0645\u0639\u0647\u0627.<\/span> <span class=\"citation-40 citation-end-40\">\u0648\u063a\u0627\u0644\u0628\u0627\u064b \u0645\u0627 \u062a\u0643\u0648\u0646 \u0623\u0637\u0631\u0648\u062d\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u062e\u0627\u0635\u0629 \u0628\u0642\u0637\u0627\u0639 \u0645\u0639\u064a\u0646.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"13:1-13:339\"><strong>\u0635\u0641\u0642\u0629 \u062f\u064a-\u0633\u0628\u0627\u0643:<\/strong> \u0628\u0645\u062c\u0631\u062f \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0647\u062f\u0641\u060c \u064a\u062a\u0645 \u0625\u062c\u0631\u0627\u0621 \u0627\u0644\u0639\u0646\u0627\u064a\u0629 \u0627\u0644\u0648\u0627\u062c\u0628\u0629 \u0627\u0644\u0645\u0641\u0635\u0644\u0629 \u0648\u0627\u0644\u062a\u0641\u0627\u0648\u0636 \u0639\u0644\u0649 \u0627\u0644\u0634\u0631\u0648\u0637 \u0648\u062a\u0648\u0642\u064a\u0639 \u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0646\u0647\u0627\u0626\u064a\u0629. <span class=\"citation-39 citation-end-39\">\u0648\u064a\u062a\u0637\u0644\u0628 \u0647\u0630\u0627 \u0627\u0644\u0627\u0646\u062f\u0645\u0627\u062c \u0645\u0648\u0627\u0641\u0642\u0629 \u0627\u0644\u0645\u0633\u0627\u0647\u0645\u064a\u0646.<\/span> <span class=\"citation-38 citation-end-38\">\u0625\u0630\u0627 \u062a\u0645\u062a \u0627\u0644\u0645\u0648\u0627\u0641\u0642\u0629 \u0639\u0644\u064a\u0647\u0627\u060c \u062a\u0635\u0628\u062d \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u062e\u0627\u0635\u0629 \u0641\u0639\u0644\u064a\u0627\u064b \u0647\u064a \u0627\u0644\u0643\u064a\u0627\u0646 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0629 \u0648\u062a\u0631\u062b \u0625\u062f\u0631\u0627\u062c \u0634\u0631\u0643\u0629 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"14:1-15:0\"><strong><span class=\"citation-37\">\u062e\u064a\u0627\u0631 \u0627\u0644\u0627\u0633\u062a\u0631\u062f\u0627\u062f:<\/span><\/strong><span class=\"citation-37 citation-end-37\"> \u0627\u0644\u0645\u064a\u0632\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0647\u064a \u062e\u064a\u0627\u0631 \u0627\u0633\u062a\u0631\u062f\u0627\u062f \u0623\u0633\u0647\u0645\u0647\u0645 \u0645\u0642\u0627\u0628\u0644 \u062d\u0635\u062a\u0647\u0645 \u0627\u0644\u062a\u0646\u0627\u0633\u0628\u064a\u0629 \u0645\u0646 \u062d\u0633\u0627\u0628 \u0627\u0644\u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0627\u0633\u062a\u0626\u0645\u0627\u0646\u064a \u0625\u0630\u0627 \u0644\u0645 \u064a\u0648\u0627\u0641\u0642\u0648\u0627 \u0639\u0644\u0649 \u0627\u0644\u0627\u0646\u062f\u0645\u0627\u062c \u0627\u0644\u0645\u0642\u062a\u0631\u062d \u0623\u0648 \u0625\u0630\u0627 \u0644\u0645 \u064a\u062a\u0645 \u0627\u0644\u062a\u0648\u0635\u0644 \u0625\u0644\u0649 \u0635\u0641\u0642\u0629 \u062e\u0644\u0627\u0644 \u0627\u0644\u0625\u0637\u0627\u0631 \u0627\u0644\u0632\u0645\u0646\u064a \u0627\u0644\u0645\u062d\u062f\u062f.<\/span><\/li>\n<\/ol>\n<h3 data-sourcepos=\"16:1-16:50\">\u0645\u0632\u0627\u064a\u0627 \u0648\u0645\u0633\u0627\u0648\u0626 \u0646\u0645\u0648\u0630\u062c SPAC<\/h3>\n<p data-sourcepos=\"18:1-18:97\">\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062e\u0627\u0635\u0629\u060c \u064a\u0648\u0641\u0631 \u0645\u0633\u0627\u0631 SPAC \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0645\u0632\u0627\u064a\u0627 \u0627\u0644\u0645\u062d\u062a\u0645\u0644\u0629 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0623\u0648\u0644\u064a \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a:<\/p>\n<ul data-sourcepos=\"20:1-24:0\">\n<li data-sourcepos=\"20:1-20:254\"><strong>\u0627\u0644\u0633\u0631\u0639\u0629 \u0648\u0627\u0644\u064a\u0642\u064a\u0646:<\/strong> <span class=\"citation-36 citation-end-36\">\u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0643\u0648\u0646 \u0639\u0645\u0644\u064a\u0629 \u0625\u0644\u063a\u0627\u0621 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0623\u0648\u0644\u064a \u0623\u0633\u0631\u0639 \u0628\u0643\u062b\u064a\u0631\u060c \u062d\u064a\u062b \u062a\u0633\u062a\u063a\u0631\u0642 \u0641\u064a \u0628\u0639\u0636 \u0627\u0644\u0623\u062d\u064a\u0627\u0646 \u0628\u0636\u0639\u0629 \u0623\u0634\u0647\u0631 \u0641\u0642\u0637 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u062c\u062f\u0648\u0644 \u0627\u0644\u0632\u0645\u0646\u064a \u0627\u0644\u0623\u0637\u0648\u0644 \u0648\u0627\u0644\u0623\u0643\u062b\u0631 \u0635\u0639\u0648\u0628\u0629 \u0641\u064a \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0647.<\/span> \u064a\u062a\u0645 \u062c\u0645\u0639 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0628\u0627\u0644\u0641\u0639\u0644\u060c \u0645\u0645\u0627 \u064a\u0642\u0644\u0644 \u0645\u0646 \u062d\u0627\u0644\u0629 \u0639\u062f\u0645 \u0627\u0644\u064a\u0642\u064a\u0646 \u0641\u064a \u0627\u0644\u0633\u0648\u0642.\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"21:1-21:239\"><strong><span class=\"citation-35\">\u0627\u0644\u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u0645\u062a\u0641\u0627\u0648\u0636 \u0639\u0644\u064a\u0647:<\/span><\/strong><span class=\"citation-35 citation-end-35\"> \u0639\u0644\u0649 \u0639\u0643\u0633 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0623\u0648\u0644\u064a \u062d\u064a\u062b \u064a\u062a\u0645 \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u062a\u0642\u064a\u064a\u0645 \u062d\u0633\u0628 \u0637\u0644\u0628 \u0627\u0644\u0633\u0648\u0642 \u0641\u064a \u064a\u0648\u0645 \u0627\u0644\u0625\u062f\u0631\u0627\u062c\u060c \u0641\u0625\u0646 \u0627\u0646\u062f\u0645\u0627\u062c \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u064a\u0646\u0637\u0648\u064a \u0639\u0644\u0649 \u062a\u0642\u064a\u064a\u0645 \u0645\u062a\u0641\u0627\u0648\u0636 \u0639\u0644\u064a\u0647 \u0645\u0639 \u0627\u0644\u062c\u0647\u0629 \u0627\u0644\u0631\u0627\u0639\u064a\u0629\u060c \u0645\u0645\u0627 \u064a\u0648\u0641\u0631 \u0642\u062f\u0631\u064b\u0627 \u0623\u0643\u0628\u0631 \u0645\u0646 \u0627\u0644\u064a\u0642\u064a\u0646 \u0644\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"22:1-22:258\"><strong>\u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0648\u0627\u0644\u062e\u0628\u0631\u0629:<\/strong> <span class=\"citation-34 citation-end-34\">\u062a\u0648\u0641\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0639\u0627\u0645\u0629 \u0648\u0627\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u062e\u0628\u0631\u0627\u062a \u0648\u0634\u0628\u0643\u0627\u062a \u0631\u0639\u0627\u062a\u0647\u0627 \u0630\u0648\u064a \u0627\u0644\u062e\u0628\u0631\u0629\u060c \u0627\u0644\u0630\u064a\u0646 \u063a\u0627\u0644\u0628\u0627\u064b \u0645\u0627 \u064a\u0648\u062c\u0647\u0648\u0646 \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0639\u0627\u0645\u0629 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u062e\u0644\u0627\u0644 \u0627\u0644\u062a\u062d\u062f\u064a\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0648\u0627\u0644\u062a\u0634\u063a\u064a\u0644\u064a\u0629.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"23:1-24:0\"><strong><span class=\"citation-33\">\u0627\u0639\u062a\u0645\u0627\u062f \u0623\u0642\u0644 \u0639\u0644\u0649 \u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0633\u0648\u0642:<\/span><\/strong><span class=\"citation-33 citation-end-33\"> \u0646\u0638\u0631\u064b\u0627 \u0644\u0623\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0645\u0644\u062a\u0632\u0645 \u0628\u0647 \u0628\u0627\u0644\u0641\u0639\u0644\u060c \u0641\u0625\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629 \u0623\u0642\u0644 \u0639\u0631\u0636\u0629 \u0644\u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0639\u0627\u0643\u0633\u0629 \u0627\u0644\u062a\u064a \u0642\u062f \u062a\u063a\u0644\u0642 \u0646\u0627\u0641\u0630\u0629 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0623\u0648\u0644\u064a.<\/span><\/li>\n<\/ul>\n<p data-sourcepos=\"25:1-25:61\">\u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0641\u0625\u0646 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u0623\u063a\u0631\u0627\u0636 \u0627\u0644\u062e\u0627\u0635\u0629 \u062a\u0623\u062a\u064a \u0623\u064a\u0636\u064b\u0627 \u0628\u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0639\u064a\u0648\u0628 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0647\u0627:<\/p>\n<ul data-sourcepos=\"27:1-32:0\">\n<li data-sourcepos=\"27:1-27:185\"><strong>\u0627\u0644\u062a\u062e\u0641\u064a\u0641 \u0639\u0644\u0649 \u0627\u0644\u0645\u0633\u0627\u0647\u0645\u064a\u0646 \u0627\u0644\u0639\u0645\u0648\u0645\u064a\u064a\u0646:<\/strong> <span class=\"citation-32 citation-end-32\">\u0639\u0627\u062f\u0629\u064b \u0645\u0627 \u064a\u062d\u0635\u0644 \u0631\u0639\u0627\u0629 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0639\u0644\u0649 \u062d\u0635\u0629 \u0643\u0628\u064a\u0631\u0629 \u0645\u0646 \u0627\u0644\u0623\u0633\u0647\u0645 (\u063a\u0627\u0644\u0628\u064b\u0627 \u0645\u0627 \u062a\u0643\u0648\u0646 \u062d\u0648\u0627\u0644\u064a 20%)\u060c \u0645\u0645\u0627 \u0642\u062f \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0625\u0636\u0639\u0627\u0641 \u0627\u0644\u0642\u064a\u0645\u0629 \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u0633\u0627\u0647\u0645\u064a\u0646 \u0627\u0644\u0639\u0645\u0648\u0645\u064a\u064a\u0646.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"28:1-28:206\"><strong><span class=\"citation-31\">\u0627\u0644\u0639\u0646\u0627\u064a\u0629 \u0627\u0644\u0648\u0627\u062c\u0628\u0629 \u0627\u0644\u0645\u062d\u062f\u0648\u062f\u0629 (\u062a\u0627\u0631\u064a\u062e\u064a\u0627\u064b):<\/span><\/strong><span class=\"citation-31 citation-end-31\"> \u062a\u0642\u0644\u064a\u062f\u064a\u0627\u064b\u060c \u0643\u0627\u0646\u062a \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u062a\u0646\u0637\u0648\u064a \u0639\u0644\u0649 \u0639\u0646\u0627\u064a\u0629 \u0648\u0627\u062c\u0628\u0629 \u0623\u0642\u0644 \u0635\u0631\u0627\u0645\u0629 \u0645\u0646 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629\u060c \u0645\u0645\u0627 \u0623\u062f\u0649 \u0625\u0644\u0649 \u0645\u062e\u0627\u0648\u0641 \u0628\u0634\u0623\u0646 \u062c\u0648\u062f\u0629 \u0628\u0639\u0636 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0645 \u0625\u0644\u063a\u0627\u0621 \u0637\u0631\u062d\u0647\u0627 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0629.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"29:1-29:180\"><strong>\u0636\u063a\u0637 \u0627\u0644\u0648\u0642\u062a \u0648\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062f\u0641\u0639 \u0627\u0644\u0632\u0627\u0626\u062f:<\/strong> \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0624\u062f\u064a \u0627\u0644\u0625\u0637\u0627\u0631 \u0627\u0644\u0632\u0645\u0646\u064a \u0627\u0644\u0645\u062d\u062f\u0648\u062f \u0644\u0644\u0639\u062b\u0648\u0631 \u0639\u0644\u0649 \u0647\u062f\u0641 \u0625\u0644\u0649 \u0627\u0644\u0636\u063a\u0637 \u0639\u0644\u0649 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0644\u062f\u0641\u0639 \u0645\u0628\u0627\u0644\u063a \u0632\u0627\u0626\u062f\u0629 \u0645\u0642\u0627\u0628\u0644 \u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630\u060c \u0645\u0645\u0627 \u0642\u062f \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0636\u0639\u0641 \u0627\u0644\u0623\u062f\u0627\u0621 \u0628\u0639\u062f \u0627\u0644\u0627\u0646\u062f\u0645\u0627\u062c.<\/li>\n<li data-sourcepos=\"30:1-30:181\"><strong>\u062a\u0636\u0627\u0631\u0628 \u0627\u0644\u0645\u0635\u0627\u0644\u062d:<\/strong> <span class=\"citation-30 citation-end-30\">\u0642\u062f \u0644\u0627 \u062a\u062a\u0645\u0627\u0634\u0649 \u0627\u0644\u0645\u0635\u0627\u0644\u062d \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0644\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u0631\u0627\u0639\u064a\u0629 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0645\u0639 \u0645\u0635\u0627\u0644\u062d \u0627\u0644\u0645\u0633\u0627\u0647\u0645\u064a\u0646 \u0627\u0644\u0639\u0627\u0645\u064a\u0646\u060c \u0645\u0645\u0627 \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u062a\u0636\u0627\u0631\u0628 \u0645\u062d\u062a\u0645\u0644 \u0641\u064a \u0627\u0644\u0645\u0635\u0627\u0644\u062d.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"31:1-32:0\"><strong><span class=\"citation-29\">\u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u0631\u062f\u0627\u062f:<\/span><\/strong><span class=\"citation-29 citation-end-29\"> \u0625\u0630\u0627 \u0644\u0645 \u064a\u0643\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0645\u0642\u062a\u0646\u0639\u064a\u0646 \u0628\u0647\u062f\u0641 \u0625\u0644\u063a\u0627\u0621 \u0635\u0641\u0642\u0629 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630\u060c \u0641\u0625\u0646 \u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u0631\u062f\u0627\u062f \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u0629 \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0633\u062a\u0646\u0641\u062f \u062d\u0633\u0627\u0628 \u0627\u0644\u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0627\u0633\u062a\u0626\u0645\u0627\u0646\u064a\u060c \u0645\u0645\u0627 \u064a\u062a\u0637\u0644\u0628 \u062a\u0645\u0648\u064a\u0644\u064b\u0627 \u0625\u0636\u0627\u0641\u064a\u064b\u0627 (\u0645\u062b\u0644 \u0635\u0641\u0642\u0627\u062a PIPE) \u0648\u0631\u0628\u0645\u0627 \u064a\u0639\u0631\u0642\u0644 \u0627\u0644\u0635\u0641\u0642\u0629.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<p><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 22px;\">\u0627\u0644\u062a\u062f\u0642\u064a\u0642 \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a \u0648\u062a\u0637\u0648\u0631 \u0627\u0644\u0633\u0648\u0642<\/span><\/li>\n<\/ul>\n<p data-sourcepos=\"35:1-35:311\"><span class=\"citation-28 citation-end-28\">\u0627\u062c\u062a\u0630\u0628\u062a \u0627\u0644\u0637\u0641\u0631\u0629 \u0641\u064a \u0646\u0634\u0627\u0637 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0641\u064a 2020-2021 \u0627\u0647\u062a\u0645\u0627\u0645\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0645\u0646 \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629\u060c \u0644\u0627 \u0633\u064a\u0645\u0627 \u0647\u064a\u0626\u0629 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 (SEC).<\/span>  \u0623\u062f\u062a \u0627\u0644\u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u0645\u062a\u0639\u0644\u0642\u0629 \u0628\u062d\u0645\u0627\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u0648\u0634\u0641\u0627\u0641\u064a\u0629 \u0627\u0644\u0625\u0641\u0635\u0627\u062d\u060c \u0648\u062a\u0636\u0627\u0631\u0628 \u0627\u0644\u0645\u0635\u0627\u0644\u062d \u0627\u0644\u0645\u062d\u062a\u0645\u0644 \u0625\u0644\u0649 \u0628\u064a\u0626\u0629 \u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0623\u0643\u062b\u0631 \u0635\u0631\u0627\u0645\u0629.<\/p>\n<p data-sourcepos=\"37:1-37:148\">\u0641\u064a \u0623\u0648\u0627\u0626\u0644 \u0639\u0627\u0645 2024\u060c \u0627\u0639\u062a\u0645\u062f\u062a \u0644\u062c\u0646\u0629 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0642\u0648\u0627\u0639\u062f \u062c\u062f\u064a\u062f\u0629 \u062a\u0647\u062f\u0641 \u0625\u0644\u0649 \u0645\u0648\u0627\u0621\u0645\u0629 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0628\u0634\u0643\u0644 \u0623\u0648\u062b\u0642 \u0645\u0639 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629. \u062a\u0634\u0645\u0644 \u0627\u0644\u062c\u0648\u0627\u0646\u0628 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0647\u0630\u0647 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0645\u0627 \u064a\u0644\u064a: <\/p>\n<ul data-sourcepos=\"39:1-43:0\">\n<li data-sourcepos=\"39:1-39:229\"><strong><span class=\"citation-27\">\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0625\u0641\u0635\u0627\u062d \u0627\u0644\u0645\u0639\u0632\u0632\u0629:<\/span><\/strong><span class=\"citation-27 citation-end-27\"> \u0623\u0635\u0628\u062d\u062a \u0627\u0644\u0625\u0641\u0635\u0627\u062d\u0627\u062a \u0627\u0644\u0623\u0643\u062b\u0631 \u062a\u0641\u0635\u064a\u0644\u0627\u064b \u0645\u0637\u0644\u0648\u0628\u0629 \u0627\u0644\u0622\u0646 \u0641\u064a\u0645\u0627 \u064a\u062a\u0639\u0644\u0642 \u0628\u062a\u0639\u0648\u064a\u0636\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0631\u0627\u0639\u064a\u0629 \u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635\u060c \u0648\u062a\u0636\u0627\u0631\u0628 \u0627\u0644\u0645\u0635\u0627\u0644\u062d\u060c \u0648\u0622\u062b\u0627\u0631 \u0627\u0644\u062a\u062e\u0641\u064a\u0641\u060c \u0648\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0644\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629 \u0648\u062a\u0648\u0642\u0639\u0627\u062a\u0647\u0627.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"40:1-40:212\"><strong>\u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629:<\/strong> <span class=\"citation-26 citation-end-26\">\u062a\u064f\u0639\u062a\u0628\u0631 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629 \u0641\u064a \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0625\u0644\u063a\u0627\u0621 \u0634\u0631\u0643\u0629 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0639\u0644\u0649 \u0623\u0633\u0647\u0645 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062e\u0627\u0635\u0629 (SPAC) \u0627\u0644\u0622\u0646 \u0645\u0633\u062c\u0644\u0629 \u0645\u0634\u0627\u0631\u0643\u0629 \u0645\u0639 \u0634\u0631\u0643\u0629 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0639\u0644\u0649 \u0623\u0633\u0647\u0645 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062e\u0627\u0635\u0629 (SPAC)\u060c \u0645\u0645\u0627 \u064a\u0639\u0631\u0636\u0647\u0627 \u0644\u0644\u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0639\u0646 \u0627\u0644\u0625\u0641\u0635\u0627\u062d\u0627\u062a \u0641\u064a \u0628\u064a\u0627\u0646 \u0627\u0644\u062a\u0633\u062c\u064a\u0644.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"41:1-41:255\"><strong><span class=\"citation-25\">\u0627\u0644\u062a\u062f\u0642\u064a\u0642 \u0641\u064a \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a:<\/span><\/strong><span class=\"citation-25 citation-end-25\"> \u0644\u0645 \u062a\u0639\u062f \u0627\u0644\u0625\u0633\u0642\u0627\u0637\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0645\u0642\u062f\u0645\u0629 \u0641\u064a \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u062f\u064a-\u0633\u0628\u0627\u0643 \u0645\u062d\u0645\u064a\u0629 \u062a\u0644\u0642\u0627\u0626\u064a\u064b\u0627 \u0628\u0645\u0648\u062c\u0628 \u0642\u0627\u0646\u0648\u0646 \u0625\u0635\u0644\u0627\u062d \u0627\u0644\u062a\u0642\u0627\u0636\u064a \u0627\u0644\u062e\u0627\u0635 \u0644\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0644\u0639\u0627\u0645 1995 (PSLRA)\u060c \u0648\u0623\u0635\u0628\u062d \u0627\u0644\u0625\u0641\u0635\u0627\u062d \u0639\u0646 \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636\u0627\u062a \u0627\u0644\u0645\u0627\u062f\u064a\u0629 \u0625\u0644\u0632\u0627\u0645\u064a\u064b\u0627.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"42:1-43:0\"><strong>\u0627\u0644\u062d\u062f \u0627\u0644\u0623\u062f\u0646\u0649 \u0644\u0641\u062a\u0631\u0629 \u0627\u0644\u0646\u0634\u0631:<\/strong> <span class=\"citation-24 citation-end-24\">\u064a\u0644\u0632\u0645 \u0648\u062c\u0648\u062f \u0641\u062a\u0631\u0629 20 \u064a\u0648\u0645\u064b\u0627 \u062a\u0642\u0648\u064a\u0645\u064a\u064b\u0627 \u0643\u062d\u062f \u0623\u062f\u0646\u0649 \u0644\u062a\u0648\u0632\u064a\u0639 \u0645\u0648\u0627\u062f \u0627\u0644\u062a\u0648\u0627\u0635\u0644 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0625\u0644\u063a\u0627\u0621 \u0635\u0641\u0642\u0627\u062a \u0634\u0631\u0643\u0629 \u062f\u064a-\u0633\u0628\u0627\u0643\u060c \u0645\u0645\u0627 \u064a\u0645\u0646\u062d \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0645\u0632\u064a\u062f\u064b\u0627 \u0645\u0646 \u0627\u0644\u0648\u0642\u062a \u0644\u0644\u0645\u0631\u0627\u062c\u0639\u0629.<\/span><\/li>\n<\/ul>\n<p data-sourcepos=\"44:1-44:424\"><span class=\"citation-23 citation-end-23\">\u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627\u060c \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0639\u062f\u0645 \u0648\u062c\u0648\u062f \u062a\u0634\u0631\u064a\u0639 \u062b\u0627\u0646\u0648\u064a \u0645\u0646\u0633\u0642 \u062e\u0627\u0635 \u0628\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635\u060c \u0625\u0644\u0627 \u0623\u0646 \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0648\u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0648\u0637\u0646\u064a\u0629 \u0623\u0635\u062f\u0631\u062a \u0645\u0628\u0627\u062f\u0626 \u062a\u0648\u062c\u064a\u0647\u064a\u0629.<\/span>  \u0634\u0647\u062f\u062a \u0648\u0644\u0627\u064a\u0627\u062a \u0642\u0636\u0627\u0626\u064a\u0629 \u0645\u062b\u0644 \u0647\u0648\u0644\u0646\u062f\u0627 \u0646\u0634\u0627\u0637\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0641\u064a \u0645\u062c\u0627\u0644 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635\u060c \u0648\u062a\u062a\u062c\u0647 \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0639\u0645\u0648\u0645\u064b\u0627 \u0646\u062d\u0648 \u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u0631\u0642\u0627\u0628\u0629 \u0627\u0644\u0642\u0648\u064a\u0629\u060c \u0648\u0625\u0646 \u0643\u0627\u0646 \u0630\u0644\u0643 \u0645\u0646 \u062e\u0644\u0627\u0644 \u062a\u0637\u0628\u064a\u0642 \u0627\u0644\u0642\u0648\u0627\u0646\u064a\u0646 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0648\u0627\u0644\u0642\u0648\u0627\u0646\u064a\u0646 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0644\u0644\u0648\u0627\u0626\u062d \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u062a\u0645\u0627\u0645\u064b\u0627 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635.<\/p>\n<h3 data-sourcepos=\"46:1-46:41\">\u0627\u0644\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0627\u0644\u062d\u062f\u064a\u062b\u0629 \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a (2024-2025)<\/h3>\n<p data-sourcepos=\"48:1-48:199\"><span class=\"citation-22 citation-end-22\">\u0628\u0639\u062f \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0643\u0628\u064a\u0631 \u0641\u064a \u0627\u0644\u0646\u0634\u0627\u0637 \u0645\u0646 \u0630\u0631\u0648\u062a\u0647\u060c \u0623\u0638\u0647\u0631 \u0633\u0648\u0642 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0639\u0644\u0627\u0645\u0627\u062a \u0639\u0644\u0649 \u0639\u0648\u062f\u0629 \u062d\u0630\u0631\u0629 \u0641\u064a \u0639\u0627\u0645 2024 \u0648\u0623\u0648\u0627\u0626\u0644 \u0639\u0627\u0645 2025.<\/span>  \u0648\u064a\u0639\u0648\u062f \u0647\u0630\u0627 \u0627\u0644\u0627\u0646\u062a\u0639\u0627\u0634 \u0625\u0644\u0649 \u0639\u062f\u0629 \u0639\u0648\u0627\u0645\u0644:<\/p>\n<ul data-sourcepos=\"50:1-55:0\">\n<li data-sourcepos=\"50:1-50:269\"><strong>\u062a\u062d\u0633\u064a\u0646 \u062d\u0648\u0643\u0645\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0648\u0627\u0644\u0625\u0641\u0635\u0627\u062d\u0627\u062a:<\/strong> \u0641\u064a \u0623\u0639\u0642\u0627\u0628 \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0648\u062e\u064a\u0628\u0627\u062a \u0627\u0644\u0623\u0645\u0644 \u0627\u0644\u0633\u0627\u0628\u0642\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642\u060c \u062a\u0642\u0648\u0645 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0631\u0627\u0639\u064a\u0629 \u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0628\u062a\u0646\u0641\u064a\u0630 \u0645\u0645\u0627\u0631\u0633\u0627\u062a \u0623\u0641\u0636\u0644 \u0644\u062d\u0648\u0643\u0645\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a\u060c \u0648\u062a\u0639\u0632\u064a\u0632 \u0627\u0644\u0625\u0641\u0635\u0627\u062d\u0627\u062a\u060c \u0648\u0647\u064a\u0643\u0644\u0629 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0645\u0639 \u0645\u0631\u0627\u0639\u0627\u0629 \u0627\u0644\u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u062d\u0645\u0627\u064a\u0629 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646.<\/li>\n<li data-sourcepos=\"51:1-51:165\"><strong>\u0627\u0644\u0631\u0639\u0627\u0629 \u0627\u0644\u0645\u062a\u0645\u0631\u0633\u0648\u0646:<\/strong> <span class=\"citation-21 citation-end-21\">\u064a\u0642\u0648\u062f \u0645\u064f\u0635\u062f\u0650\u0631\u0648 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u0633\u062c\u0644 \u0627\u0644\u062d\u0627\u0641\u0644 \u0641\u064a \u0645\u062c\u0627\u0644 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u063a\u0627\u0644\u0628\u064a\u0629 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0641\u064a \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635\u060c \u0645\u0645\u0627 \u064a\u062c\u0630\u0628 \u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"52:1-52:360\"><strong>\u0631\u0643\u0648\u062f \u0633\u0648\u0642 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629:<\/strong> <span class=\"citation-20 citation-end-20\">\u0641\u064a \u0627\u0644\u0641\u062a\u0631\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0648\u0627\u062c\u0647 \u0641\u064a\u0647\u0627 \u0633\u0648\u0642 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629 \u0631\u064a\u0627\u062d\u064b\u0627 \u0645\u0639\u0627\u0643\u0633\u0629\u060c \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0638\u0647\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0643\u0628\u062f\u064a\u0644 \u0623\u0643\u062b\u0631 \u062c\u0627\u0630\u0628\u064a\u0629 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0633\u0639\u0649 \u0625\u0644\u0649 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0633\u064a\u0648\u0644\u0629 \u0639\u0627\u0645\u0629.<\/span> <span class=\"citation-19 citation-end-19\">\u0648\u064a\u0628\u062f\u0648 \u0623\u0646 \u0647\u0630\u0627 \u0647\u0648 \u0623\u062d\u062f \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0641\u064a \u0623\u0648\u0627\u0626\u0644 \u0639\u0627\u0645 2025\u060c \u062d\u064a\u062b \u062a\u0633\u0628\u0628\u062a \u0627\u0644\u062a\u0639\u0631\u064a\u0641\u0627\u062a \u0627\u0644\u062c\u0645\u0631\u0643\u064a\u0629 \u0648\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0648\u0633\u0639 \u0646\u0637\u0627\u0642\u0627\u064b \u0641\u064a \u062f\u0641\u0639 \u0628\u0639\u0636 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0625\u0644\u0649 \u0625\u064a\u0642\u0627\u0641 \u062e\u0637\u0637 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629 \u0645\u0624\u0642\u062a\u0627\u064b.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"53:1-53:246\"><strong><span class=\"citation-18\">\u0627\u0644\u062a\u0631\u0643\u064a\u0632 \u0639\u0644\u0649 \u0627\u0644\u0623\u0647\u062f\u0627\u0641 \u0639\u0627\u0644\u064a\u0629 \u0627\u0644\u062c\u0648\u062f\u0629:<\/span><\/strong><span class=\"citation-18 citation-end-18\"> \u064a\u0636\u0639 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0627\u0644\u0622\u0646 \u0639\u0644\u0627\u0648\u0629 \u0623\u0639\u0644\u0649 \u0639\u0644\u0649 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0627\u0644\u062a\u064a \u062a\u064f\u0638\u0647\u0631 \u0639\u0631\u0648\u0636 \u0642\u064a\u0645\u0629 \u0648\u0627\u0636\u062d\u0629 \u0648\u062a\u0633\u062a\u0647\u062f\u0641 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0630\u0627\u062a \u0627\u0644\u0623\u0633\u0633 \u0627\u0644\u0642\u0648\u064a\u0629 \u0648\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0645\u0648\u062b\u0648\u0642\u0629 \u0648\u0627\u0644\u0636\u0648\u0627\u0628\u0637 \u0627\u0644\u062f\u0627\u062e\u0644\u064a\u0629 \u0627\u0644\u0642\u0648\u064a\u0629.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"54:1-55:0\"><strong>\u0627\u0644\u062a\u062e\u0635\u0635 \u0627\u0644\u0642\u0637\u0627\u0639\u064a:<\/strong> \u064a\u0631\u0643\u0632 \u0627\u0644\u0631\u0639\u0627\u0629 \u0639\u0644\u0649 \u0642\u0637\u0627\u0639\u0627\u062a \u0645\u062d\u062f\u062f\u0629\u060c \u0645\u062b\u0644 \u0627\u0644\u0631\u0639\u0627\u064a\u0629 \u0627\u0644\u0635\u062d\u064a\u0629 \u0648\u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 (\u062e\u0627\u0635\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a) \u0648\u0627\u0644\u0627\u0633\u062a\u062f\u0627\u0645\u0629\u060c \u0648\u064a\u0633\u062a\u0641\u064a\u062f\u0648\u0646 \u0645\u0646 \u062e\u0628\u0631\u0627\u062a\u0647\u0645 \u0644\u062a\u062d\u062f\u064a\u062f \u0623\u0647\u062f\u0627\u0641 \u0623\u0642\u0648\u0649 \u0648\u062a\u0623\u0645\u064a\u0646 \u0635\u0641\u0642\u0627\u062a \u0623\u0641\u0636\u0644.<\/li>\n<\/ul>\n<p data-sourcepos=\"56:1-56:290\">\u062a\u0634\u064a\u0631 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0633\u0648\u0642 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u0641\u064a \u0639\u0627\u0645 2025 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0645\u0634\u0647\u062f \u0623\u0643\u062b\u0631 \u0646\u0636\u062c\u064b\u0627 \u0648\u062a\u0645\u064a\u064a\u0632\u064b\u0627.  <span class=\"citation-17 citation-end-17\">\u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0623\u0646\u0647 \u0645\u0646 \u063a\u064a\u0631 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u062a\u0639\u0648\u062f \u0627\u0644\u0648\u062a\u064a\u0631\u0629 \u0627\u0644\u0645\u062d\u0645\u0648\u0645\u0629 \u0627\u0644\u062a\u064a \u0634\u0647\u062f\u0647\u0627 \u0639\u0627\u0645 2020-2021\u060c \u0625\u0644\u0627 \u0623\u0646 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635 \u062a\u0638\u0644 \u0645\u0633\u0627\u0631\u064b\u0627 \u0642\u0627\u0628\u0644\u0627\u064b \u0644\u0644\u062a\u0637\u0628\u064a\u0642 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062e\u0627\u0635\u0629 \u0627\u0644\u0645\u0648\u062c\u0647\u0629 \u0646\u062d\u0648 \u0627\u0644\u0646\u0645\u0648 \u0644\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0627\u0645\u0629.<\/span>  \u0633\u064a\u062a\u0648\u0642\u0641 \u0627\u0644\u0646\u062c\u0627\u062d \u0628\u0634\u0643\u0644 \u0645\u062a\u0632\u0627\u064a\u062f \u0639\u0644\u0649:<\/p>\n<ul data-sourcepos=\"58:1-62:0\">\n<li data-sourcepos=\"58:1-58:96\"><strong>\u0627\u0644\u0639\u0646\u0627\u064a\u0629 \u0627\u0644\u0648\u0627\u062c\u0628\u0629 \u0627\u0644\u0635\u0627\u0631\u0645\u0629:<\/strong> \u0627\u0644\u062a\u062f\u0642\u064a\u0642 \u0627\u0644\u0634\u0627\u0645\u0644 \u0641\u064a \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0648\u0627\u0644\u0642\u064a\u0627\u062f\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629.<\/li>\n<li data-sourcepos=\"59:1-59:157\"><strong><span class=\"citation-16\">\u0627\u0644\u0634\u0641\u0627\u0641\u064a\u0629 \u0648\u0627\u0644\u0645\u0635\u062f\u0627\u0642\u064a\u0629:<\/span><\/strong><span class=\"citation-16 citation-end-16\"> \u062a\u0642\u062f\u064a\u0645 \u062a\u0646\u0628\u0624\u0627\u062a \u0645\u0648\u062b\u0648\u0642\u0629 \u0648\u0645\u062f\u0639\u0648\u0645\u0629 \u0628\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0648\u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u062a\u0648\u0627\u0635\u0644 \u0645\u062a\u0633\u0642 \u0648\u0648\u0627\u0636\u062d \u0645\u0639 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646.<\/span>\n<div class=\"source-inline-chip-container ng-star-inserted\"><\/div>\n<\/li>\n<li data-sourcepos=\"60:1-60:122\"><strong>\u0627\u0644\u062d\u0648\u0643\u0645\u0629 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629 \u0627\u0644\u0642\u0648\u064a\u0629:<\/strong> \u062a\u0646\u0641\u064a\u0630 \u0647\u064a\u0627\u0643\u0644 \u0631\u0642\u0627\u0628\u064a\u0629 \u0642\u0648\u064a\u0629 \u0644\u062c\u0630\u0628 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u064a\u0646 \u0648\u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0647\u0645.<\/li>\n<li data-sourcepos=\"61:1-62:0\"><strong>\u0627\u0644\u062a\u0631\u0643\u064a\u0632 \u0639\u0644\u0649 \u0627\u0644\u0645\u062c\u0627\u0644\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0644\u0645\u062a\u062e\u0635\u0635\u0629:<\/strong> <span class=\"citation-15 citation-end-15\">\u0627\u0644\u062a\u062e\u0635\u0635 \u0641\u064a \u0627\u0644\u0635\u0646\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u064a \u064a\u0645\u0643\u0646 \u0644\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u0631\u0627\u0639\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u062e\u0628\u0631\u0627\u062a\u0647\u0627 \u0644\u062a\u062d\u062f\u064a\u062f \u0623\u0647\u062f\u0627\u0641 \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0639\u0627\u0644\u064a\u0629 \u0627\u0644\u062c\u0648\u062f\u0629.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u0644\u0642\u062f \u0634\u0647\u062f\u062a \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u0623\u063a\u0631\u0627\u0636 \u0627\u0644\u062e\u0627\u0635\u0629 (SPACs)\u060c \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u062a\u064f\u0639\u062a\u0628\u0631 \u0641\u064a \u064a\u0648\u0645 \u0645\u0646 \u0627\u0644\u0623\u064a\u0627\u0645 \u0645\u0633\u0627\u0631 &#8220;\u0627\u0644\u0634\u064a\u0643\u0627\u062a \u0639\u0644\u0649 \u0628\u064a\u0627\u0636&#8221; \u0625\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0627\u0645\u0629\u060c \u0631\u062d\u0644\u0629 \u0645\u062a\u0642\u0644\u0628\u0629 \u0639\u0644\u0649 \u0645\u062f\u0649 \u0627\u0644\u0633\u0646\u0648\u0627\u062a \u0627\u0644\u0642\u0644\u064a\u0644\u0629 \u0627\u0644\u0645\u0627\u0636\u064a\u0629. \u0628\u0639\u062f \u0627\u0644\u0627\u0632\u062f\u0647\u0627\u0631 \u0627\u0644\u0630\u064a \u0634\u0647\u062f\u0647 \u0627\u0644\u0633\u0648\u0642 \u0641\u064a \u0639\u0627\u0645\u064a 2020 \u06482021 \u0648\u0627\u0644\u0630\u064a \u0634\u0647\u062f \u0623\u062d\u062c\u0627\u0645\u064b\u0627 \u0642\u064a\u0627\u0633\u064a\u0629 \u0641\u064a \u0639\u0627\u0645\u064a 2020 \u06482021\u060c \u0634\u0647\u062f \u0627\u0644\u0633\u0648\u0642 \u0647\u062f\u0648\u0621\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0641\u064a \u0639\u0627\u0645\u064a 2022 \u06482023. \u0648\u0645\u0639 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":18721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[690],"tags":[],"class_list":{"0":"post-19540","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-690"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629 | MergersCorp M&amp;A International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.mergerscorp.com\/ar\/\u0625\u0639\u0627\u062f\u0629-\u062a\u0637\u0648\u0631-\u0634\u0631\u0643\u0627\u062a-\u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630-\u0630\u0627\u062a-\u0627\u0644\u063a\u0631\u0636-\u0627\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629\" \/>\n<meta property=\"og:description\" content=\"\u0644\u0642\u062f \u0634\u0647\u062f\u062a \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u0623\u063a\u0631\u0627\u0636 \u0627\u0644\u062e\u0627\u0635\u0629 (SPACs)\u060c \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u062a\u064f\u0639\u062a\u0628\u0631 \u0641\u064a \u064a\u0648\u0645 \u0645\u0646 \u0627\u0644\u0623\u064a\u0627\u0645 \u0645\u0633\u0627\u0631 &#8220;\u0627\u0644\u0634\u064a\u0643\u0627\u062a \u0639\u0644\u0649 \u0628\u064a\u0627\u0636&#8221; \u0625\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0627\u0645\u0629\u060c \u0631\u062d\u0644\u0629 \u0645\u062a\u0642\u0644\u0628\u0629 \u0639\u0644\u0649 \u0645\u062f\u0649 \u0627\u0644\u0633\u0646\u0648\u0627\u062a \u0627\u0644\u0642\u0644\u064a\u0644\u0629 \u0627\u0644\u0645\u0627\u0636\u064a\u0629. \u0628\u0639\u062f \u0627\u0644\u0627\u0632\u062f\u0647\u0627\u0631 \u0627\u0644\u0630\u064a \u0634\u0647\u062f\u0647 \u0627\u0644\u0633\u0648\u0642 \u0641\u064a \u0639\u0627\u0645\u064a 2020 \u06482021 \u0648\u0627\u0644\u0630\u064a \u0634\u0647\u062f \u0623\u062d\u062c\u0627\u0645\u064b\u0627 \u0642\u064a\u0627\u0633\u064a\u0629 \u0641\u064a \u0639\u0627\u0645\u064a 2020 \u06482021\u060c \u0634\u0647\u062f \u0627\u0644\u0633\u0648\u0642 \u0647\u062f\u0648\u0621\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0641\u064a \u0639\u0627\u0645\u064a 2022 \u06482023. \u0648\u0645\u0639 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.mergerscorp.com\/ar\/\u0625\u0639\u0627\u062f\u0629-\u062a\u0637\u0648\u0631-\u0634\u0631\u0643\u0627\u062a-\u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630-\u0630\u0627\u062a-\u0627\u0644\u063a\u0631\u0636-\u0627\/\" \/>\n<meta property=\"og:site_name\" content=\"MergersCorp M&amp;A International | Investment Banking\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-14T00:46:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editorial Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial Team\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/\"},\"author\":{\"name\":\"Editorial Team\",\"@id\":\"https:\/\/blog.mergerscorp.com\/#\/schema\/person\/b918ecd3eec2b80f10bd364daf96fc9b\"},\"headline\":\"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629\",\"datePublished\":\"2025-09-14T00:46:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/\"},\"wordCount\":16,\"publisher\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg\",\"articleSection\":[\"\u0623\u062e\u0628\u0627\u0631\"],\"inLanguage\":\"ar\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/\",\"url\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/\",\"name\":\"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629 | MergersCorp M&A International\",\"isPartOf\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg\",\"datePublished\":\"2025-09-14T00:46:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#breadcrumb\"},\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ar\",\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#primaryimage\",\"url\":\"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg\",\"contentUrl\":\"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Wall Street sign post with American national flags in background. New York city financial economy district, stock market trade and exchange, or international business concept\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blog.mergerscorp.com\/ar\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blog.mergerscorp.com\/#website\",\"url\":\"https:\/\/blog.mergerscorp.com\/\",\"name\":\"Mergerscorp M&A International Blog\",\"description\":\"Corporate Blog\",\"publisher\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blog.mergerscorp.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ar\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/blog.mergerscorp.com\/#organization\",\"name\":\"MergersCorp M&A International\",\"url\":\"https:\/\/blog.mergerscorp.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ar\",\"@id\":\"https:\/\/blog.mergerscorp.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2021\/08\/MergersCorp-Logo-copy-scaled.jpg\",\"contentUrl\":\"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2021\/08\/MergersCorp-Logo-copy-scaled.jpg\",\"width\":2560,\"height\":2560,\"caption\":\"MergersCorp M&A International\"},\"image\":{\"@id\":\"https:\/\/blog.mergerscorp.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/blog.mergerscorp.com\/#\/schema\/person\/b918ecd3eec2b80f10bd364daf96fc9b\",\"name\":\"Editorial Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ar\",\"@id\":\"https:\/\/blog.mergerscorp.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f77bc38421f764c40b508dac5f660de36c316a342abec8c99cd41cfc4e230c9c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f77bc38421f764c40b508dac5f660de36c316a342abec8c99cd41cfc4e230c9c?s=96&d=mm&r=g\",\"caption\":\"Editorial Team\"},\"description\":\"MergersCorp\u2122 M&amp;A International is a leading Lower-Middle Market M&amp;A advisory brand, offering professional M&amp;A services to clients across the world.\",\"url\":\"https:\/\/blog.mergerscorp.com\/ar\/author\/stefano\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629 | MergersCorp M&A International","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blog.mergerscorp.com\/ar\/\u0625\u0639\u0627\u062f\u0629-\u062a\u0637\u0648\u0631-\u0634\u0631\u0643\u0627\u062a-\u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630-\u0630\u0627\u062a-\u0627\u0644\u063a\u0631\u0636-\u0627\/","og_locale":"ar_AR","og_type":"article","og_title":"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629","og_description":"\u0644\u0642\u062f \u0634\u0647\u062f\u062a \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u0623\u063a\u0631\u0627\u0636 \u0627\u0644\u062e\u0627\u0635\u0629 (SPACs)\u060c \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u062a\u064f\u0639\u062a\u0628\u0631 \u0641\u064a \u064a\u0648\u0645 \u0645\u0646 \u0627\u0644\u0623\u064a\u0627\u0645 \u0645\u0633\u0627\u0631 &#8220;\u0627\u0644\u0634\u064a\u0643\u0627\u062a \u0639\u0644\u0649 \u0628\u064a\u0627\u0636&#8221; \u0625\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0627\u0645\u0629\u060c \u0631\u062d\u0644\u0629 \u0645\u062a\u0642\u0644\u0628\u0629 \u0639\u0644\u0649 \u0645\u062f\u0649 \u0627\u0644\u0633\u0646\u0648\u0627\u062a \u0627\u0644\u0642\u0644\u064a\u0644\u0629 \u0627\u0644\u0645\u0627\u0636\u064a\u0629. \u0628\u0639\u062f \u0627\u0644\u0627\u0632\u062f\u0647\u0627\u0631 \u0627\u0644\u0630\u064a \u0634\u0647\u062f\u0647 \u0627\u0644\u0633\u0648\u0642 \u0641\u064a \u0639\u0627\u0645\u064a 2020 \u06482021 \u0648\u0627\u0644\u0630\u064a \u0634\u0647\u062f \u0623\u062d\u062c\u0627\u0645\u064b\u0627 \u0642\u064a\u0627\u0633\u064a\u0629 \u0641\u064a \u0639\u0627\u0645\u064a 2020 \u06482021\u060c \u0634\u0647\u062f \u0627\u0644\u0633\u0648\u0642 \u0647\u062f\u0648\u0621\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0641\u064a \u0639\u0627\u0645\u064a 2022 \u06482023. \u0648\u0645\u0639 [&hellip;]","og_url":"https:\/\/blog.mergerscorp.com\/ar\/\u0625\u0639\u0627\u062f\u0629-\u062a\u0637\u0648\u0631-\u0634\u0631\u0643\u0627\u062a-\u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630-\u0630\u0627\u062a-\u0627\u0644\u063a\u0631\u0636-\u0627\/","og_site_name":"MergersCorp M&amp;A International | Investment Banking","article_published_time":"2025-09-14T00:46:48+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg","type":"image\/jpeg"}],"author":"Editorial Team","twitter_card":"summary_large_image","twitter_misc":{"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629":"Editorial Team"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#article","isPartOf":{"@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/"},"author":{"name":"Editorial Team","@id":"https:\/\/blog.mergerscorp.com\/#\/schema\/person\/b918ecd3eec2b80f10bd364daf96fc9b"},"headline":"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629","datePublished":"2025-09-14T00:46:48+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/"},"wordCount":16,"publisher":{"@id":"https:\/\/blog.mergerscorp.com\/#organization"},"image":{"@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg","articleSection":["\u0623\u062e\u0628\u0627\u0631"],"inLanguage":"ar"},{"@type":"WebPage","@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/","url":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/","name":"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629 | MergersCorp M&A International","isPartOf":{"@id":"https:\/\/blog.mergerscorp.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#primaryimage"},"image":{"@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg","datePublished":"2025-09-14T00:46:48+00:00","breadcrumb":{"@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#breadcrumb"},"inLanguage":"ar","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/"]}]},{"@type":"ImageObject","inLanguage":"ar","@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#primaryimage","url":"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg","contentUrl":"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2025\/05\/wall-street-sign-post-with-american-national-flags-background-scaled.jpg","width":2560,"height":1707,"caption":"Wall Street sign post with American national flags in background. New York city financial economy district, stock market trade and exchange, or international business concept"},{"@type":"BreadcrumbList","@id":"https:\/\/blog.mergerscorp.com\/ar\/%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%aa%d8%b7%d9%88%d8%b1-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0-%d8%b0%d8%a7%d8%aa-%d8%a7%d9%84%d8%ba%d8%b1%d8%b6-%d8%a7\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blog.mergerscorp.com\/ar\/"},{"@type":"ListItem","position":2,"name":"\u0625\u0639\u0627\u062f\u0629 \u062a\u0637\u0648\u0631 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062d\u0648\u0627\u0630 \u0630\u0627\u062a \u0627\u0644\u063a\u0631\u0636 \u0627\u0644\u062e\u0627\u0635: \u0627\u0644\u0625\u0628\u062d\u0627\u0631 \u0641\u064a \u0633\u0648\u0642 \u0646\u0627\u0636\u062c\u0629"}]},{"@type":"WebSite","@id":"https:\/\/blog.mergerscorp.com\/#website","url":"https:\/\/blog.mergerscorp.com\/","name":"Mergerscorp M&A International Blog","description":"Corporate Blog","publisher":{"@id":"https:\/\/blog.mergerscorp.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blog.mergerscorp.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ar"},{"@type":"Organization","@id":"https:\/\/blog.mergerscorp.com\/#organization","name":"MergersCorp M&A International","url":"https:\/\/blog.mergerscorp.com\/","logo":{"@type":"ImageObject","inLanguage":"ar","@id":"https:\/\/blog.mergerscorp.com\/#\/schema\/logo\/image\/","url":"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2021\/08\/MergersCorp-Logo-copy-scaled.jpg","contentUrl":"https:\/\/blog.mergerscorp.com\/wp-content\/uploads\/2021\/08\/MergersCorp-Logo-copy-scaled.jpg","width":2560,"height":2560,"caption":"MergersCorp M&A International"},"image":{"@id":"https:\/\/blog.mergerscorp.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/blog.mergerscorp.com\/#\/schema\/person\/b918ecd3eec2b80f10bd364daf96fc9b","name":"Editorial Team","image":{"@type":"ImageObject","inLanguage":"ar","@id":"https:\/\/blog.mergerscorp.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f77bc38421f764c40b508dac5f660de36c316a342abec8c99cd41cfc4e230c9c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f77bc38421f764c40b508dac5f660de36c316a342abec8c99cd41cfc4e230c9c?s=96&d=mm&r=g","caption":"Editorial Team"},"description":"MergersCorp\u2122 M&amp;A International is a leading Lower-Middle Market M&amp;A advisory brand, offering professional M&amp;A services to clients across the world.","url":"https:\/\/blog.mergerscorp.com\/ar\/author\/stefano\/"}]}},"_links":{"self":[{"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/posts\/19540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/comments?post=19540"}],"version-history":[{"count":0,"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/posts\/19540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/media\/18721"}],"wp:attachment":[{"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/media?parent=19540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/categories?post=19540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.mergerscorp.com\/ar\/wp-json\/wp\/v2\/tags?post=19540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}