1. The prospectus shall be signed by the Founders Committee and the board of directors, if applicable, and they shall be responsible for the validity of the data and information set out in the prospectus. The consultants and parties involved in the public offering process and their representatives shall exercise due diligence as expected from a prudent person and each of them shall be responsible for fulfilling his duties. 2. Invitation to public offering shall be made by a prospectus to be published in two daily local newspapers; one of which to be issued in Arabic, at least five business days prior to the start date of the offering. 3. Subscription for the shares shall be made in accordance with an application the details of which to be determined by the SCA. The application shall include, in particular, the name, objects and capital of the company, the conditions of subscription, the subscriber's name, address in the State, profession and nationality, the number of the shares subscribed for by the subscriber, and the latter's undertaking to accept the provisions of the MOA and AOA of the company.
Interpretation and application must be checked against the official text and current version.