Commercial Companies Law

Article 235 — Article (235) Maturity Date of Bonds and Sukuk

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

The Company may not advance or defer the maturity date of bonds or Sukuk unless otherwise provided for in the resolution to issue the bonds or Sukuk and the prospectus. However, if the Company is dissolved for any reason other than merger, the holders of bonds and Sukuk may request to redeem their bonds or Sukuk before their maturity date. The Company may also give them this option. Either way, once they are redeemed, interest shall not be payable over the remaining period of the loan.

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