Commercial Companies Law

Article 173 — Article (173) Convening the General Assembly

Part Four: Public Joint Stock Companies · Chapter Three: General Assemblies of Public Joint Stock Company

1. The General Assembly of shareholders shall convene, subject to prior approval of the SCA, at the call of the board of directors at least once a year, within the four [4] months following the end of the fiscal year, at such time and venue as determined in the notice of meeting. The board may call the General Assembly to convene as necessary. 2. If the board of directors fails to send a call for General Assembly meeting under the circumstances where this is required hereunder, the auditor shall send out such a call. This shall also apply whenever necessary. In this case, the auditor shall prepare and publish the agenda.

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