Concessionary shares may be issued by companies whose articles of association provide for amortization of their shares prior to the expiry of the company’s term by reason of connection of the company’s activity with engagement in the exploitation of one of the natural resources or public utilities awarded thereto for a limited period, or in any other form of exploitation that may be exhausted by use or which ceases to exist after a specific period. A company shall issue the concessionary shares in accordance with the conditions specified by the Regulations.
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.