1. It shall not be permitted for the company or any of its subsidiaries to provide financial aid to any person to enable them to hold any securities issued by the company. Financial aid shall, in particular, include the following: a. Providing loans. b. Providing gifts or donations. c. Providing the assets of the company as a security. d. Providing a security or guarantee for the obligations of a Third Party. e. Using any of the company's reserves, funds or profits for settling any of the obligations of such a person. 2. Financial aid shall not include any securities, undertakings or compensations provided by the company to any underwriter during any offering of or subscription for the company's shares. 3. Notwithstanding the provisions of Clause [1] of this Article, it shall be permissible for companies, which are licensed by the Central Bank to engage in financing business, to provide loans to any person to enable them to hold any securities issued by such companies. This shall be on condition that the loans it grants do not contain any preferential conditions not granted to its other clients, and without contradicting the Central Bank's applicable legislation and regulations.
Interpretation and application must be checked against the official text and current version.