Commercial Companies Law

Article 94 — Article (94) Competences of Annual General Assembly

Part Three: Limited Liability Company · Chapter Three: General Assembly

The General Assembly of a Limited Liability Company shall, at its annual meeting, consider and decide on the following issues: 1. The managers' report on the activities and financial position of the Company during the previous fiscal year, the auditor's report, and the supervisory board's report; 2. The balance sheet and profit and loss account and their approval; 3. The dividends to be distributed to the partners; 4. The appointment and remuneration of managers; 5. The appointment of directors [if any;[ 6. The appointment of members of the supervisory board [if any]; 7. The appointment of members of the Internal Sharia Supervisory Committee and the Sharia Controller if the Company conducts its business in compliance with the rules of Islamic Sharia; 8. The appointment and remuneration of an auditor[s]; and 9. Any other matters falling within the competence of the General Assembly under the provisions of this Decree Law or the MOA of the Company.

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