Special Resolution
1- Approve the amend the Articles of Association of the company excepted the following articles: (5.1, 5.2, 26.10); all amendments are subject to approval of the competent authorities.
2- Recommend that the Board of Directors that the Company maintains, to the extent possible,compliance with the conditions set out in:
- Dubai Financial Market Standards on Shari’a-Compliance – Standard No. 1 – Issuing, Acquiring and Trading Shares; or
- Shari’a Standard No. (21) – Financial Paper (Shares and Bonds) of the Shari’a Standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions.
So that the shares of the Company are capable of being held and traded in accordance to the conditions set out in any of the above standards; and
revoked the special resolution issued by the General Assembly on 15 June 2016, which states that “the Company’s activities be Shari’a compliant.