A penalty of imprisonment sentence for up to three [3] months and / or a fine between AED 100,000 [one hundred thousand dirhams] and AED 500,000 [five hundred thousand dirhams] shall apply in respect of: 1. Any Director of a Joint Stock Company that obtains for himself or for his wife or relatives up to the second degree a loan, guarantee or security from the Company where he is a Director, in violation of this Decree Law, and shall be required to return such loan, guarantee or security. 2. The chairman, Director, CEO or Director General of a Joint Stock Company that agrees to provide a loan, guarantee or security to a Director of the Company or to his wife or relatives up to the second degree, in violation of this Decree Law.
Interpretation and application must be checked against the official text and current version.