Commercial Companies Law

Article 243 — Article (243) Distribution of Profits

Part Four: Public Joint Stock Companies · Chapter Six: Finance of Public Joint Stock Company

1. The General Assembly of the Company shall determine the percentage of net profits to be distributed to the shareholders after deducting the statutory reserve and the voluntary reserve. 2. A shareholder shall be entitled to his share of the profits in accordance with the guidelines laid down in a resolution of the SCA. 3. Subject to Clause [1] of this Article, the AOA of the Company may provide for the distribution of annual, semiannual or quarterly profits.

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