Commercial Companies Law

Article 269 — Article (269) Objects of the Company

Part Six: Holding and Subsidiaries Companies and Mutual Funds · Chapter One: Holding Companies

1. The objects of a holding company shall be limited to the following: a. To hold shares or equity stake in Joint Stock Companies and Limited Liability Companies; b. To provide loans, guarantees and finance to its subsidiaries; c. To acquire real estate and movable assets for its activities and operations; d. To manage its subsidiaries; and e. To acquire intellectual property rights from patents, trademarks, industrial drawings and designs or franchise rights, and to lease the same out to its subsidiaries or to other companies. 2. Holding Companies may only conduct their activities through their subsidiaries.

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