11- The issuance of sukuk in compliance with the provisions of Islamic Law, whether in part or several parts through the issuance of one or a series of issuances from time to time, with the amounts and terms set by the Company as per the Board of Directors approval without referring to the General Assembly of shareholders on this matter, provided that the total amount of the sukuk shall not exceed the share capital of the Company.
12- Authorize the Board of Directors to take all necessary measures to issue such bonds, once the necessary approvals from the relevant authorities have been received. The Board may delegate any or all of its authorization, as per the resolutions stated above, to any person or persons who may then also delegate this authorization.
13- The recommendation of the Board of Director to add the following tasks for the working method of the Audit and Risk Committee on the basis of Article (14) listed on Corporate Governance issued by CMA Board:
a.To supervise the activities of the external auditors and approve any activity beyond the scope of the audit work assigned to them during the performance of their duties.
b.To review the external auditors comments on the financial statements and follow up the actions taken about them.
c.To review the accounting policies in force and advise the Board of Directors of any recommendation regarding them.
14- The recommendation of the Board of Directors to add the following tasks for the working method of the Nomination and Remuneration Committee on the basis of Article (15) listed on Corporate Governance issued by CMA Board:
a.Review the structure of the Board of Directors and recommend changes.
b.Determine the points of strength and weakness in the Board of Directors and recommend remedies that are compatible with the companys interest.
c.Draw clear policies regarding the indemnities and remunerations of the Board Members and top executives; in laying down such policies, the standards related to performance shall be followed.
15- The recommendation of the Board of Directors to set specific and explicit policies, standards and procedures, for the membership of the Board of Directors on the basis of Article (10/d) listed on Corporate Governance issued by CMA Board.
16- The addition to item 12 of article 3 of the Company by law related to the objective of the Company by adding the active of Private Civil Security Guard.
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