Commercial Companies Law

Article 24 — Article (24) Relief from Liability

Part One: General Provisions on Companies · Chapter Two: Incorporation and Management of Company

Subject to the provisions of this Decree Law, any provision of the MOA or AOA of the Company authorizing it or any of its subsidiaries to agree on relieving any person from any personal liability, which such person assumes as a current or former officer of the Company, shall be null and void.

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