Commercial Companies Law

Article 110 — Article (110) MOA and AOA of the Company

Part Four: Public Joint Stock Companies · Chapter One: Definition and Incorporation of the Public Joint Company and its

1. The founders shall draft the MOA and AOA of the Company, which shall include the following particulars: a. The name and headquarters of the Company; b. The object for which the Company is incorporated; c. The full name, nationality, date of birth, place of residence and address of each shareholder; d. The amount of capital and the number of the capital shares, the nominal value per share and the paid-up amount of the value of each share; e. An undertaking by the founders to procure the completion of the incorporation procedures; f. An estimate of the amount of expenses, charges and costs expected for the incorporation process, and which are required to be paid by the Company due to its incorporation. g. Details of the in-kind contributions, the name of the contributor[s], the initial value of such contribution[s], the terms of such contributions and the rights of pledge and lien attached to such contributions, if any. 2. The MOA and AOA of the Company shall be compliant with both this Decree Law and its implementing resolutions thereof, and shall include the provisions, competencies and powers of the board of directors and the General Assembly of the Company. The SCA shall issue standard MOA and AOA forms which the companies shall adopt.

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