Commercial Companies Law

Article 228 — Article (228) Share Incentive Schemes for Company Employees

Part Four: Public Joint Stock Companies · Chapter Five: Shares, Bonds and Sukuk

1. Notwithstanding the provisions of Articles [201, 200, 199 and 197] of this Decree Law, the Company may by Special Resolution increase its Capital in order to implement a share incentive scheme for its employees. 2. The board of directors of the Company shall present the employee share incentive scheme to the General Assembly. 3. Company Directors are not allowed to participate in the employee share incentive scheme. 4. The board of directors of the SCA shall issue a resolution on the mechanism and the conditions of implementation of the employee share incentive scheme.

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