Commercial Companies Law

Article 236 — Article (236) Rights of Bond and Sukuk Holders

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

The rights of holders of Company-issued bonds and Sukuk, which are not offered for public subscription, shall be set out in the agreement creating such bonds and Sukuk. Such agreement shall also include the procedure to be followed by the holders of bonds and Sukuk when holding meetings and appointing committees, voting rights and all the other related issues as well as the rules of their conversion into shares of Company stock if they are convertible .The SCA may issue a resolution governing the rights of the holders of bonds and Sukuk.

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