A company may convert some of its shares to certificates of deposit tradable in international markets according to the terms specified by the Regulations. Such certificates shall be issued by an international depository bank provided that such issuance shall not result in the transfer of ownership of the shares to such bank. The company, the international depository bank and its agent (the international custodian bank) shall carry out the procedure set forth by the Regulations for conversion of the shares to certificates of deposit.
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.