In the application of the provisions of this Law, the following words and expressions shall have the meaning assigned to each of them unless the context of the provision requires otherwise: 1. Ministry: The Ministry of Commerce and Industry. 2. Minister: The Minister of Commerce and Industry. 3. Authority: The Capital Market Public Authority. 4. Concerned Body: The Ministry or the Authority as the case may be. 5. Registrar: The Secretariat of the Commercial Registry. 6. Executive Management: The Chief Executive Officer or the General Manager, as the case may be, or the Manager and every executive who is subordinate to the Board of Managers or the Board of Directors or is directly subordinate to any one of the aforementioned or is authorized to carry out some of the functions of the Board of Managers or the Board of Directors. 7. Constitutive Documents: The Company’s constitutive contract or its articles of association. 8. Governance: The set of principles, criteria and procedures which achieve the organizational discipline in the management of the company in accordance with the international criteria and methods, by specifying the responsibilities and duties of the members of the Board of Directors and the Executive Management of the Company, taking into consideration the protection of the rights of the shareholders and the interest owners. 9. Working Day: An official working day at the Ministries and governmental corporations and departments. 10. Regulations: The regulations issued for the implementation of this Law.
This site currently publishes a verified part of the instrument; the remaining provisions continue to exist and apply independently of their absence from this corpus. Interpretation and application must be checked against the official Arabic text and the current version.