Mesaieed Petrochemical Q P S C : Proposed amendments to MPHC’s Articles of Association

CLASSIFICATION: C0 - NON-CONFIDENTIAL

ﺔﺿﺑﺎﻘﻟا تﺎﯾوﺎﻣﯾﻛورﺗﺑﻠﻟ دﯾﻌﯾﺳﻣ ﺔﻛرﺷﻟ ﻲﺳﺎﺳﻷا مﺎظﻧﻟا ﻰﻠﻋ ﺔﺣرﺗﻘﻣﻟا تﻼﯾدﻌﺗﻟا

Proposed amendments to MPHC's Articles of Association

General	مﺎﻋ لﻛﺷﺑ
"Qatar Petroleum" shall be replaced, wherever it	ﻲﻓ درو ﺎﻣﻧﯾأ "لورﺗﺑﻠﻟ رطﻗ" ﻰﻣﺳﻣﺑ "ﺔﻗﺎطﻠﻟ رطﻗ" ﻰﻣﺳﻣ لدﺑﺗﺳﯾ
appears in the Company's Articles of Association or	.سﯾﺳﺄﺗﻟا ﺔﻘﯾﺛو وأ ﺔﻛرﺷﻠﻟ ﻲﺳﺎﺳﻷا مﺎظﻧﻟا
Memorandum of Association, by "QatarEnergy".
"Ministry of Economy and Commerce", "Minister of
Economy and Commerce" and "Doha Securities	ةرﺎﺟﺗﻟا رﯾزو"و "ﺔﻋﺎﻧﺻﻟاو ةرﺎﺟﺗﻟا ةرازو" تارﺎﺑﻋ لدﺑﺗﺳﺗ
Market" shall be replaced, wherever they appear in the	،" ﺔﯾﻟﺎﻣﻟا قاروﻸﻟ ﺔﺣودﻟا قوﺳ" و "تﺎﺑﺎﺳﺣﻟا ﻖﻗدﻣ"و "ﺔﻋﺎﻧﺻﻟاو
Company's Articles of Association or Memorandum of	"ةرﺎﺟﺗﻟاو دﺎﺻﺗﻗﻻا رﯾزو"و "ةرﺎﺟﺗﻟاو دﺎﺻﺗﻗﻻا ةرازو" تارﺎﺑﻌﺑ
Association by "Ministry of Commerce and Industry",	ﻲﻓ تدرو ﺎﻣﻧﯾأ ،ﻲﻟاوﺗﻟا ﻰﻠﻋ ،"رطﻗ ﺔﺻروﺑ" و "تﺎﺑﺎﺳﺣﻟا بﻗارﻣ"و
"Minister of Commerce and Industry" and "Qatar Stock	.سﯾﺳﺄﺗﻟا ﺔﻘﯾﺛو وأ ﺔﻛرﺷﻠﻟ ﻲﺳﺎﺳﻷا مﺎظﻧﻟا
Exchange" respectively.

Article (2) Formation	سﯾﺳﺄﺗﻟا (٢) ةدﺎﻣﻟا
Former Article reads as follows:	:لﯾدﻌﺗﻟا لﺑﻗ
The Company is a Qatari Shareholding Company	مﺎظﻧﻟا اذھ مﺎﻛﺣأ ﺎﮭﻠﻣﻋ مظﻧﯾ ﺔﯾرطﻗ ﺔﻣﺎﻋ ﺔﻣھﺎﺳﻣ ﺔﻛرﺷ ﺔﻛرﺷﻟا نإ
organised pursuant to the provisions of these Articles	ﺔﯾرﺎﺟﺗﻟا تﺎﻛرﺷﻟا نﺄﺷﺑ ٢٠١٥ مﺎﻌﻟ ١١ مﻗر نوﻧﺎﻘﻟا مﺎﻛﺣأو ﻲﺳﺎﺳﻷا
and the Commercial Companies Law No. 11 of 2015	.("نوﻧﺎﻘﻟا")
(the "Law").
Amended Article reads as follows:	:لﯾدﻌﺗﻟا دﻌﺑ
The Company is a Qatari Public Shareholding	مﺎظﻧﻟا اذھ مﺎﻛﺣأ ﺎﮭﻠﻣﻋ مظﻧﯾ ﺔﯾرطﻗ ﺔﻣﺎﻋ ﺔﻣھﺎﺳﻣ ﺔﻛرﺷ ﻲھ ﺔﻛرﺷﻟا نإ
Company organised pursuant to the provisions of	ﺔﯾرﺎﺟﺗﻟا تﺎﻛرﺷﻟا نﺄﺷﺑ ٢٠١٥ مﺎﻌﻟ ١١ مﻗر نوﻧﺎﻘﻟا مﺎﻛﺣأو ﻲﺳﺎﺳﻷا
these Articles and Law no. 11 of 2015 concerning the	دﻋاوﻘﻟا ﻲﺳﺎﺳﻷا مﺎظﻧﻟا اذھ نﯾﺑﯾ .ﮫﺗﻼﯾدﻌﺗو ("تﺎﻛرﺷﻟا نوﻧﺎﻗ")
Commercial Companies ("Law") and amendments	.نﯾﻣھﺎﺳﻣﻟا ﻰﻠﻋو ﺔﻛرﺷﻟا ﻰﻠﻋ ةذﻓﺎﻧﻟا ﺢﺋاوﻠﻟاو
thereto. These Articles set out the rules and
regulations applicable to the Company and its
Shareholders.

Article (13) Rights Attaching to Shares	مﮭﺳﻷﺎﺑ ﺔطﺑﺗرﻣﻟا قوﻘﺣﻟا (١٣) ةدﺎﻣﻟا
Former Article reads as follows:	:لﯾدﻌﺗﻟا لﺑﻗ
(13-1-2)	(٢-١-١٣)
Each Share shall, except the Special Share, give its	ً
لوﺻأ ﻲﻓ ﺔﯾوﺎﺳﺗﻣ ﺎﻗوﻘﺣ ﮫﻛﻟﺎﻣﻟ (زﺎﺗﻣﻣﻟا مﮭﺳﻟا ادﻋ) مﮭﺳ لﻛ ﺢﻧﻣﯾ
holder equal rights in the Company's assets and	سﺎﺳأ ﻰﻠﻋ تﯾوﺻﺗﻟا ﻖﺣ ﻰﻟإ ﺔﻓﺎﺿﻹﺎﺑ ﺔﻋزوﻣﻟا ﺎﮭﺣﺎﺑرأو ﺔﻛرﺷﻟا
dividends as well as rights to vote on a one-share-one-	ﻊﺿﺧﺗ (زﺎﺗﻣﻣﻟا مﮭﺳﻟا ادﻋ) مﮭﺳﻷا ﻲﻛﻟﺎﻣ قوﻘﺣ .مﮭﺳ لﻛﻟ دﺣاو توﺻ
vote basis. The rights of the holders of Shares (other	.ﻲﺳﺎﺳﻷا مﺎظﻧﻟا اذھ ﻲﻓ ﺎﮭﯾﻟإ رﺎﺷﻣﻟا زﺎﺗﻣﻣﻟا مﮭﺳﻟا لﻣﺎﺣ قوﻘﺣﻟ
than the Special Share) are subject to the rights of the
holder of the Special Share as set out in these Articles.
Amended Article reads as follows:	:لﯾدﻌﺗﻟا دﻌﺑ
Shareholders holding shares of the same class are	دوﯾﻘﻟاو تازﯾﻣﻣﻟاو قوﻘﺣﻟا ﺔﻓﺎﻛ مﮭﻟو ﺎﮭﺗاذ ﺔﺋﻔﻟا نﻣ نوﻣھﺎﺳﻣﻟا ىوﺎﺳﺗﯾ
equal and have all the rights, privileges and restrictions	ﮫﻛﻟﺎﻣﻟ (زﺎﺗﻣﻣﻟا مﮭﺳﻟا ادﻋ) مﮭﺳ لﻛ ﺢﻧﻣﯾ ،مﮭﺳﻟا ﺔﯾﻛﻠﻣ ﻰﻠﻋ ﺔﺑﺗرﺗﻣﻟا
arising from share ownership. Each Share shall,	ً
ﻰﻟإ ﺔﻓﺎﺿﻹﺎﺑ نﯾﻣھﺎﺳﻣﻟا تﺎﻌﯾزوﺗو ﺔﻛرﺷﻟا لوﺻأ ﻲﻓ ﺔﯾوﺎﺳﺗﻣ ﺎﻗوﻘﺣ
except the Special Share, give its holder equal rights	مﮭﺳﻷا ﻲﻛﻟﺎﻣ قوﻘﺣ .مﮭﺳ لﻛﻟ دﺣاو توﺻ سﺎﺳأ ﻰﻠﻋ تﯾوﺻﺗﻟا ﻖﺣ
in the Company's assets and Shareholder distributions	ﺎﮭﯾﻟإ رﺎﺷﻣﻟا زﺎﺗﻣﻣﻟا مﮭﺳﻟا لﻣﺎﺣ قوﻘﺣﻟ ﻊﺿﺧﺗ (زﺎﺗﻣﻣﻟا مﮭﺳﻟا ادﻋ)
as well as rights to vote on a one-share-one-vote	.ﻲﺳﺎﺳﻷا مﺎظﻧﻟا اذھ ﻲﻓ
basis. The rights of the holders of Shares (other than

CLASSIFICATION: C0 - NON-CONFIDENTIAL

the Special Share) are subject to the rights of the holder of the Special Share as set out in these Articles.

Article (20) Restrictions on shareholding	مﮭﺳﻷا كﻼﺗﻣا ﻰﻠﻋ دوﯾﻘﻟا (٢٠) ةدﺎﻣﻟا
Former Article reads as follows:	:لﯾدﻌﺗﻟا لﺑﻗ
(20-3)	(٣-٢٠)
20.3. If the Company is listed on the Qatar Exchange	قوﺳ يأ ﻲﻓ وأ رطﻗ ﺔﺻروﺑ ﻲﻓ ﺔﺟردﻣ ﺔﻛرﺷﻟا تﺣﺑﺻأ لﺎﺣ ﻲﻓ
or on a regulated stock exchange, a resolution of the	ﺔﯾﻛﻠﻣ دﯾدﺣﺗ ﺔﻛرﺷﻟا ةرادإ سﻠﺟﻣ نﻣ رارﻘﺑ زوﺟﯾ ،مﯾظﻧﺗﻟ ﻊﺿﺧﯾ مﮭﺳأ
Board of Directors may determine the Non- Qatari	نﯾﻌﺑرأو ﺔﻌﺳﺗ ﻰﻠﻋ دﯾزﯾ ﻻ ﻰﺻﻗأ دﺣﺑ نﯾﯾرطﻘﻟا رﯾﻏ نﻣ نﯾﻣھﺎﺳﻣﻟا
ownership percentage to a maximum of forty- nine	قوﺳ يأ ﻲﻓ وأ رطﻗ ﺔﺻروﺑ ﻲﻓ ﺔﺟردﻣﻟا مﮭﺳﻷا نﻣ (%٤٩) ﺔﺋﺎﻣﻟﺎﺑ
percent (49%) of the portion of the shares listed on the	.مﯾظﻧﺗﻟ ﻊﺿﺧﯾ مﮭﺳأ
Qatar Exchange or a regulated stock exchange.
Amended Article reads as follows:	:لﯾدﻌﺗﻟا دﻌﺑ
In the event that the Company is listed on Qatar Stock	قوﺳ يأ ﻲﻓ وأ رطﻗ ﺔﺻروﺑ ﻲﻓ ﺔﺟردﻣ ﺔﻛرﺷﻟا تﺣﺑﺻأ لﺎﺣ ﻲﻓ
Exchange or on any regulated stock market, the Board	ً
دﻋاوﻘﻠﻟ ﺎﻘﻓو ﺔﻛرﺷﻟا ةرادإ سﻠﺟﻣ نﻣ رارﻘﺑ زوﺟﯾ ،مﯾظﻧﺗﻟ ﻊﺿﺧﺗ مﮭﺳأ
of Directors may, by a Board resolution considering	ﺔﺑﺳﻧﺑ نﯾرطﻘﻟا رﯾﻏ نﻣ نﯾﻣھﺎﺳﻣﻟا ﺔﯾﻛﻠﻣ دﯾدﺣﺗ ﺎﮭﺑ لوﻣﻌﻣﻟا ﺢﺋاوﻠﻟاو
applicable rules and regulations, determine the	يأ ﻲﻓ وأ رطﻗ ﺔﺻروﺑ ﻲﻓ ﺔﺟردﻣﻟا مﮭﺳﻷا نﻣ (%١٠٠) ﻰﻟإ لﺻﺗ
ownership percentage of non-Qatari shareholders up	.مﯾظﻧﺗﻟ ﻊﺿﺧﺗ مﮭﺳأ قوﺳ
to one hundred percent (100%) of the shares listed on
Qatar Stock Exchange or on any regulated stock
market.

Article (27) Liability of Directors	ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ تﺎﯾﻟوؤﺳﻣ (٢٧) ةدﺎﻣﻟا
Former Article reads as follows:	:لﯾدﻌﺗﻟا لﺑﻗ
(27-1)	(١-٢٧)
All Directors shall be jointly and individually liable for	يأ نﻋ نﻣﺎﺿﺗﻟاو لﻓﺎﻛﺗﻟﺎﺑ نﯾﻟوؤﺳﻣ ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ ﺔﻓﺎﻛ نإ
any fraudulent act, abuse of power, negligent errors in	نﻋ ﺔﻣﺟﺎﻧﻟا ءﺎطﺧﻷا وأ تﺎﯾﺣﻼﺻﻟا مادﺧﺗﺳا ءوﺳ وأ ﻲﻟﺎﯾﺗﺣا لﻣﻋ
management or violations of any laws of the State of	ﺔﻟود ﻲﻓ نوﻧﺎﻗ يأ وأ ﻲﺳﺎﺳﻷا مﺎظﻧﻟا تﺎﻛﺎﮭﺗﻧا وأ ةرادﻹا ﻲﻓ لﺎﻣھﻹا
Qatar.	.رطﻗ
Amended Article reads as follows:	:لﯾدﻌﺗﻟا دﻌﺑ
Article (27) Directors' Responsibilities and	ﺎﮭﻧﻋ ﺔﯾﻟوؤﺳﻣﻟاو ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ مﺎﮭﻣ (٢٧) ةدﺎﻣﻟا
Liabilities	ً
سﻠﺟﻣﻟا مﺎﮭﻣ ﮫﯾﻓ ددﺣﯾ "سﻠﺟﻣﻟا قﺎﺛﯾﻣ" ﻰﻣﺳﯾ ﺎﻗﺎﺛﯾﻣ سﻠﺟﻣﻟا دﻌُﯾ
The Board shall prepare a Charter called "Board	مﺎﮭﻣ ددﺣﺗﺗ .مﮭﺗﺎﯾﻟوؤﺳﻣو ءﺎﺿﻋﻷاو سﯾﺋرﻟا تﺎﺑﺟاوو قوﻘﺣو
Charter" detailing the Board's functions, and rights,	ً
تﺎﻛرﺷﻟا ﺔﻣﻛوﺣ مﺎظﻧو نوﻧﺎﻘﻟا مﺎﻛﺣﻷ ﺎﻘﻓو سﻠﺟﻣﻟا تﺎﯾﻟوؤﺳﻣو
duties and responsibilities of the Chairman and	.ﺔﯾﻟﺎﻣﻟا قاوﺳﻸﻟ رطﻗ ﺔﺋﯾھ نﻋ ردﺎﺻﻟا ﺔﺟردﻣﻟا
Directors. The functions and responsibilities of the	لﻣﻋ يأ نﻋ دارﻔﻧﻻاو نﻣﺎﺿﺗﻟﺎﺑ نﯾﻟوؤﺳﻣ ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ ﺔﻓﺎﻛ
Board are defined in accordance with the provisions of	لﺎﻣھﻹا نﻋ ﺔﻣﺟﺎﻧﻟا ءﺎطﺧﻷا وأ تﺎﯾﺣﻼﺻﻟا مادﺧﺗﺳا ءوﺳ وأ ﻲﻟﺎﯾﺗﺣا
the Law and the Governance Code for Listed	.نوﻧﺎﻘﻟا وأ ﻲﺳﺎﺳﻷا مﺎظﻧﻟا تﺎﻔﻟﺎﺧﻣ وأ ةرادﻹا ﻲﻓ
Companies issued by Qatar Financial Markets
Authority.
All Directors shall be jointly and individually liable for
any fraudulent act, abuse of power, negligent errors in
management or violations of the Articles or Law.
Article (35) Business Not on Agenda	لﺎﻣﻋﻷا لودﺟ ﻰﻠﻋ ﺔﺟردﻣﻟا رﯾﻏ تﺎﻋوﺿوﻣﻟا (٣٥) ةدﺎﻣﻟا
Former Article reads as follows:	:لﯾدﻌﺗﻟا لﺑﻗ
No resolution may be proposed to the Board at a	نﻛﯾ مﻟﺎﻣ عﺎﻣﺗﺟا يأ ﻲﻓ ةرادﻹا سﻠﺟﻣ ﻰﻟإ رارﻗ حارﺗﻗا زوﺟﯾ ﻻ
meeting unless the matter is on the agenda for that	نﯾوﺿﻋ ﻖﻓاوﯾ وأ عﺎﻣﺗﺟﻻا اذھ لﺎﻣﻋأ لودﺟ ﻰﻠﻋ جردﻣ عوﺿوﻣﻟا
meeting or at least two (2) Directors (or the alternate of	ءﺎﻧﺛﺗﺳﺎﺑ) (نﯾوﺿﻌﻟا نﯾذھ ﻼﯾدﺑ وأ) لﻗﻷا ﻰﻠﻋ ةرادﻹا سﻠﺟﻣ ﻲﻓ (٢)
	.رارﻘﻟا كﻟذ صوﺻﺧﺑ حارﺗﻗا مﯾدﻘﺗ ﻰﻠﻋ (نﯾﻠﻘﺗﺳﻣﻟا ءﺎﺿﻋﻷا

CLASSIFICATION: C0 - NON-CONFIDENTIAL

such Directors) (excluding Independent Directors)
agree that the resolution may be proposed.
Amended Article reads as follows:	:لﯾدﻌﺗﻟا دﻌﺑ
No resolution may be proposed to the Board at a	نﻛﯾ مﻟ ﺎﻣ عﺎﻣﺗﺟا يأ ﻲﻓ ةرادﻹا سﻠﺟﻣ ﻰﻠﻋ رارﻗ حارﺗﻗا زوﺟﯾ ﻻ
meeting unless the matter is on the agenda for that	نﯾوﺿﻋ ﻖﻓاوﯾ وأ عﺎﻣﺗﺟﻻا اذھ لﺎﻣﻋأ لودﺟ ﻰﻠﻋ جردﻣ عوﺿوﻣﻟا
meeting or at least two (2) Directors (or the proxy of	(نﯾوﺿﻌﻟا نﯾذھ نﻋ بوﻧﯾ نﻣ وأ) لﻗﻷا ﻰﻠﻋ ةرادﻹا سﻠﺟﻣ ﻲﻓ
such Directors) (excluding Independent Directors)	لودﺟ ﻰﻟا رﺛﻛأ وأ دﻧﺑ ﺔﻓﺎﺿإ بﻠط ﻰﻠﻋ (نﯾﻠﻘﺗﺳﻣﻟا ءﺎﺿﻋﻷا ءﺎﻧﺛﺗﺳﺎﺑ)
agree to a request by a Director that one or more items	.ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ نﻣ يأ نﻣ لﺎﻣﻋﻷا
may be added to the agenda.
Article (41) Role of Chairman and Deputy Chairman	ةرادﻹا سﻠﺟﻣ سﯾﺋر بﺋﺎﻧ وأ سﯾﺋر رود (٤١) ةدﺎﻣﻟا
Former Article reads as follows:	:لﯾدﻌﺗﻟا لﺑﻗ
The Chairman shall represent the Company in front of	ّ
ﮫﻌﯾﻗوﺗ لدﯾو ﺔﺛﻟﺎﺛﻟا فارطﻷا مﺎﻣأ ﺔﻛرﺷﻟا ةرادﻻا سﻠﺟﻣ سﯾﺋر لﺛﻣﯾ
Third Parties, and his/her signature shall be regarded	ﻖﻠﻌﺗﯾ ﻲﺗﻟا ﺔﻘﻔﺻﻟا ﻰﻠﻋ ةرادﻹا سﻠﺟﻣ ﺔﻘﻓاوﻣ ﻰﻠﻋ ﺔﺛﻟﺎﺛﻟا فارطﻷا مﺎﻣأ
by Third Parties as indicating approval by the Board of	سﯾﺋر لﺣﻣ (دﺟو نإ) ةرادﻹا سﻠﺟﻣ سﯾﺋر بﺋﺎﻧ لﺣﯾ .ﻊﯾﻗوﺗﻟا اذھ ﺎﮭﺑ
any transaction to which such signature relates. The	ﺔﯾﻌﻣﺟﻟاو ةرادﻹا سﻠﺟﻣ تﺎﻋﺎﻣﺗﺟا سأرﺗﯾ .ﮫﺑﺎﯾﻏ ﻲﻓ ةرادﻹا سﻠﺟﻣ
Deputy Chairman (if any) shall substitute for the	بﺎﯾﻏ ﺔﻟﺎﺣ ﻲﻓ (دﺟو نإ) سﯾﺋرﻟا بﺋﺎﻧ وأ ةرادﻹا سﻠﺟﻣ سﯾﺋر ﺔﻣﺎﻌﻟا
Chairman in his/her absence. The Chairman, or in	ةرادإ سﻠﺟﻣ وﺿﻋ يأ نﺎﻧﺛﻻا بﺎﯾﻏ ﺔﻟﺎﺣ ﻲﻓ وأ ةرادﻻا سﻠﺟﻣ سﯾﺋر
his/her absence the Deputy Chairman (if any) or in the	ً
.ﺎﺳﯾﺋر ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ ﮫﻧﯾﻌﯾ
absence of both of them any other Director appointed
by the Directors to serve as Chairman, shall act as the
Chairman of meetings of the Board and of the General
Assembly.
Amended Article reads as follows:	:لﯾدﻌﺗﻟا دﻌﺑ
The Chairman shall represent the Company towards	رﺑﺗﻌﯾو ءﺎﺿﻘﻟا مﺎﻣأو رﯾﻐﻟا لﺑﻗ ﺔﻛرﺷﻟا ةرادﻹا سﻠﺟﻣ سﯾﺋر لﺛﻣﯾ
Third Parties and Judiciary, and his signature shall be	اذھ ﻖﻠﻌﺗﯾ لﻣﺎﻌﺗ يأ ﻰﻠﻋ ةرادﻹا سﻠﺟﻣ نﻣ ﺔﻘﻓاوﻣ ﮫﻧأ ﻰﻠﻋ ﮫﻌﯾﻗوﺗ
regarded by Third Parties and Judiciary as indicating	زوﺟﯾو ،ﮫﺗﺎﯾﺻوﺗﺑ دﯾﻘﺗﯾ نأو سﻠﺟﻣﻟا تارارﻗ ذﻔﻧُﯾنأ ﮫﯾﻠﻋو .ﮫﺑ ﻊﯾﻗوﺗﻟا
approval by the Board of any transaction to which it	ةرادﻹا ءﺎﺿﻋأ دﺣأ وأ ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ نﻣ هرﯾﻏ ضوﻔُﯾ نأ ﮫﻟ
relates. The Chairman shall implement the resolutions	ددﺣﻣ ضﯾوﻔﺗﻟا نوﻛـﯾ نأ بﺟﯾو ،ﮫﺗﺎـﯾﺣﻼﺻ ضﻌﺑ ﻲﻓ ﺎﯾﻠﻌﻟا ﺔﯾذﯾﻔﻧﺗﻟا
passed by the Board and abide by the	ُ
لﺣﻣ (دﺟو نإ) ةرادﻹا سﻠﺟﻣ سﯾﺋر بﺋﺎﻧ لﺣﯾ .عوﺿوﻣﻟاو ةدﻣﻟا
recommendations thereof. The Chairman may	ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟاو ةرادﻹا سﻠﺟﻣ تﺎﻋﺎﻣﺗﺟا سأرﺗﯾ .ﮫﺑﺎﯾﻏ دﻧﻋ سﯾﺋرﻟا
delegate some of his powers to other Directors or	ﺔﻟﺎﺣ ﻲﻓ وأ ،سﯾﺋرﻟا بﺎﯾﻏ ﺔﻟﺎﺣ ﻲﻓ (دﺟو نإ) سﯾﺋرﻟا بﺋﺎﻧ وأ سﯾﺋرﻟا
members of the senior executive management. The	ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ ﮫﻧﯾﻌﯾ ةرادإ سﻠﺟﻣ وﺿﻋ يأ نﯾﻧﺛﻻا بﺎﯾﻏ
delegation shall be of definite period and subject. The	ً
.ﺎﺳﯾﺋر
Deputy Chairman (if any) shall substitute for the
Chairman in his/her absence. The Chairman, or in
his/her absence the Deputy Chairman (if any) or in the
absence of both of them any other Director appointed
by the Directors to serve as Chairman, shall act as the
Chairman of meetings of the Board and of the General
Assembly.
Article (44) Remuneration of Directors	ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ تﺂﻓﺎﻛﻣ (٤٤) ةدﺎﻣﻟا
Former Article reads as follows:	:لﯾدﻌﺗﻟا لﺑﻗ
(44-1)	(١-٤٤)
The Directors shall be paid such remuneration as may	ذﺧﻷا ﻊﻣ) ةرادﻹا سﻠﺟﻣ لﺑﻗ نﻣ ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ روﺟأ ددﺣﺗ
be determined by the Board (taking into account	نﻣ ﺔﻘﺑطﻣﻟا تﺎﺳرﺎﻣﻣﻟاو ﺔﺻﺗﺧﻣﻟا تﺎﮭﺟﻟا ىدﺣإ يأر رﺎﺑﺗﻋﻻا نﯾﻌﺑ
professional advice and the current market practice of	لﻼﺧ نﻣ روﺟﻷا هذھ دﻣﺗﻌﺗ (رطﻗ ﺔﺻروﺑ ﻲﻓ ﺔﺟردﻣﻟا تﺎﻛرﺷﻟا لﺑﻗ
companies admitted to the Qatar Exchange). Such	ً
.هﺎﻧدأ ٢٫٤٦ ةدﺎﻣﻠﻟ ﺎﻘﻓو ﺔﯾوﻧﺳﻟا ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا ﺔﻘﻓاوﻣ
remuneration shall be approved at the Annual General
Assembly in accordance with Article 46.2 below

CLASSIFICATION: C0 - NON-CONFIDENTIAL

Amended Article reads as follows:	ً	:لﯾدﻌﺗﻟا دﻌﺑ
The Directors shall be paid such remuneration as may
نوﻧﺎﻘﻠﻟ ﺎﻘﻓو ﺎھدﯾدﺣﺗ مﺗﯾ ،ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ ﻰﻟإ تﺂﻓﺎﻛﻣ ﻊﻓدﺗ
be determined by applicable Law and regulations,	.ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا نﻣ رارﻗ بﺟوﻣﺑ ﺎھرارﻗإ مﺗﯾو ﺎﮭﺑ لوﻣﻌﻣﻟا ﺢﺋاوﻠﻟاو
subject to approval by a resolution of the General	مدﻋ ﺔﻟﺎﺣ ﻲﻓ عوطﻘﻣ ﻎﻠﺑﻣ ﻰﻠﻋ ةرادﻹا سﻠﺟﻣ ءﺎﺿﻋأ لوﺻﺣ زوﺟﯾو
Assembly. Directors may receive a lump sum in the	ً	ً
.ﺔﻛرﺷﻠﻟ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا ﺔﻘﻓاوﻣﺑ ﺎﻧھر ،ﺎﺣﺎﺑرأ ﺔﻛرﺷﻟا ﻖﯾﻘﺣﺗ
event that the Company does not make any profits,
subject to the approval of the Company's General
Assembly.
Article (45) Annual Report	يوﻧﺳﻟا رﯾرﻘﺗﻟا (٤٥) ةدﺎﻣﻟا
Former Article reads as follows:		:لﯾدﻌﺗﻟا لﺑﻗ
The Board shall prepare the Company's annual report	ﺔﺧﺳﻧ رﺷﻧﯾ وأ مدﻘﯾو يوﻧﺳﻟا ﺔﻛرﺷﻟا رﯾرﻘﺗ دادﻋﺈﺑ ةرادﻹا سﻠﺟﻣ موﻘﯾ
and provide or publish a copy of such annual report to	ً
ﺎﻣوﯾ (١٥) رﺷﻋ ﺔﺳﻣﺧ لﺑﻗ نﯾﻣھﺎﺳﻣﻟا ﻰﻟإ يوﻧﺳﻟا رﯾرﻘﺗﻟا اذھ نﻋ
Shareholders at least fifteen (15) days before the	يوﻧﺳﻟا رﯾرﻘﺗﻟا اذھ نﻣﺿﺗﯾ .ﺔﯾوﻧﺳﻟا ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا نﻣ لﻗﻷا ﻰﻠﻋ
Annual General Assembly. Such annual report shall	يذﻟا) ةرادﻹا سﻠﺟﻣ رﯾرﻘﺗو تﺎﯾﻧازﯾﻣﻟاو رﺋﺎﺳﺧﻟاو حﺎﺑرﻷا تﺎﻓوﺷﻛ
include profit and loss accounts, balance sheets, a	لﻣﺎﻛﻟا تﺎﺑﺎﺳﺣﻟا ﻲﻘﻗدﻣ رﯾرﻘﺗ صﻧو (ﻲﻟﺎﻣﻟا ﺎﮭﻌﺿوو ﺔﻛرﺷﻟﺎﺑ ﻖﻠﻌﺗﯾ
report of the Board (relating to the financial status and	.ﺔﻘﺑﺎﺳﻟا ﺔﯾﻟﺎﻣﻟا ﺔﻧﺳﻟا نﻋ
affairs of the Company) and the full text of a report of
the Auditors, for the immediately preceding Financial
Year.
Amended Article reads as follows:		:لﯾدﻌﺗﻟا دﻌﺑ
The Board shall prepare the Company's annual report	رﯾرﻘﺗﻟا اذھ نﻣ ﺔﺧﺳﻧ مدﻘﯾو يوﻧﺳﻟا ﺔﻛرﺷﻟا رﯾرﻘﺗ ةرادﻹا سﻠﺟﻣ دﻌﯾ
and provide a copy of such annual report to	.ﺔﯾﻟﺎﻣ ﺔﻧﺳ لﻛ ﺔﯾﺎﮭﻧ نﻣ رﮭﺷأ (٣) ﺔﺛﻼﺛ لﻼﺧ نﯾﻣھﺎﺳﻣﻟا ﻰﻟإ يوﻧﺳﻟا
Shareholders within three (3) months of the end of	ﻖﻠﻌﺗﯾ يذﻟا ةرادﻻا سﻠﺟﻣ رﯾرﻘﺗو ﺔﯾﻟﺎﻣﻟا مﺋاوﻘﻟا رﯾرﻘﺗﻟا اذھ نﻣﺿﺗﯾ
each Financial Year. Such report shall include financial	نﻋ لﻣﺎﻛﻟا تﺎﺑﺎﺳﺣﻟا ﻲﻘﻗدﻣ رﯾرﻘﺗ صﻧو ﻲﻟﺎﻣﻟا ﺎھزﻛرﻣو ﺔﻛرﺷﻟﺎﺑ
statements, board's report on the company and its	رﺎﻌﺷإ ﻊﻣ يوﻧﺳﻟا رﯾرﻘﺗﻟا اذھ قﺎﻓرإ مﺗﯾ .رﯾرﻘﺗﻟا لﺣﻣ ﺔﯾﻟﺎﻣﻟا ﺔﻧﺳﻟا
financial status, and the full text of the auditors' report	بﺟوﻣﺑ نﯾﻣھﺎﺳﻣﻟا ﻰﻟإ لﺳرﻣﻟا ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا عﺎﻣﺗﺟا ﻰﻟإ ةوﻋدﻟا
regarding the report's concerned financial year. A copy		.49 ةدﺎﻣﻟا
of such annual report shall be included with the notice
of Annual General Assembly sent to Shareholders
under Article 49.
Article (48) Place of General Assembly Meetings	ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا تﺎﻋﺎﻣﺗﺟا دﻘﻋ نﺎﻛﻣ (٤٨) ةدﺎﻣﻟا
Former Article reads as follows:		:لﯾدﻌﺗﻟا لﺑﻗ
All meetings of the General Assembly shall be held in	.رطﻗ ﻲﻓ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا تﺎﻋﺎﻣﺗﺟا ﺔﻓﺎﻛ دﻘﻌﺗ
Qatar.
Amended Article reads as follows:		:لﯾدﻌﺗﻟا دﻌﺑ
All meetings of the General Assembly shall be held in	ﺔﯾﻌﻣﺟﻟا دﻘﻋ زوﺟﯾو .رطﻗ ﻲﻓ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا	تﺎﻋﺎﻣﺗﺟا ﺔﻓﺎﻛ دﻘﻌﺗ
Qatar. The meetings of the General Assembly may be	ً
ﺎھددﺣﺗ ﻲﺗﻟا طﺑاوﺿﻠﻟ ﺎﻘﻓو ،ﺔﺛﯾدﺣﻟا ﺔﯾﻧﻘﺗﻟا لﺋﺎﺳو لﻼﺧ نﻣ ،ﺔﻣﺎﻌﻟا
held by means of modern technology in accordance		.ةرازوﻟا
with the controls set by the Ministry.
Article (49) Notice of General Assembly	ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا رﺎﻌﺷإ (٤٩) ةدﺎﻣﻟا
Former Article reads as follows:		:لﯾدﻌﺗﻟا لﺑﻗ
(49-1)		(١-٤٩)
A General Assembly shall be convened by a notice	عﺎﻣﺗﺟﻻا سأرﯾو ،ةرادﻹا سﻠﺟﻣ سﯾﺋر نﻣ رﺎﻌﺷﺈﺑ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا دﻘﻌﺗ
from (and shall be chaired by) the Chairman or in his	نإ) ةرادﻹا سﻠﺟﻣ سﯾﺋر بﺋﺎﻧ ﮫﺑﺎﯾﻏ ﺔﻟﺎﺣ ﻲﻓ وأ ةرادﻹا سﻠﺟﻣ سﯾﺋر
absence the Vice Chairman (if any) or such other	لﺑﻗ نﻣ كﻟذﺑ مﺎﯾﻘﻠﻟ ﮫﺿﯾوﻔﺗ مﺗﯾ رﺧآ ةرادإ سﻠﺟﻣ وﺿﻋ يأ وأ (دﺟو
Director as may have been authorised to do so by the	ﻲﻓ نﻼﻋﻹا ﻖﯾرط نﻋ ةوﻋدﻟﺎﺑ رﺎﻌﺷﻹا مﺗﯾ .ةرادﻹا سﻠﺟﻣ سﯾﺋر
Chairman. Such notice shall be published in two daily	ﺔﯾﺑرﻌﻟا ﺔﻐﻠﻟﺎﺑ ﺎﻣھادﺣإ ردﺻﺗ (لﻗﻷا ﻰﻠﻋ) نﯾﺗﯾﻣوﯾ نﯾﺗﯾﻠﺣﻣ نﯾﺗﻔﯾﺣﺻ
Qatari newspapers, one (1) of which shall be in Arabic	،ﺔﻛرﺷﻠﻟ ﻲﻧورﺗﻛﻟﻹا ﻊﻗوﻣﻟا لﻼﺧ نﻣو ،ﺔﯾزﯾﻠﺟﻧﻹا ﺔﻐﻠﻟﺎﺑ ىرﺧﻷاو

CLASSIFICATION: C0 - NON-CONFIDENTIAL

and the other in English, and on the Company's	ً
ﻰﻠﻋ (١٥) ﺎﻣوﯾ رﺷﻋ ﺔﺳﻣﺧﺑ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا دﺎﻘﻌﻧا ﺦﯾرﺎﺗ لﺑﻗ كﻟذو
Website not less than fifteen (15) days prior to the	.لﻗﻷا
proposed date of the General Assembly.
Amended Article reads as follows:			:لﯾدﻌﺗﻟا دﻌﺑ
A General Assembly shall be convened by a notice	عﺎﻣﺗﺟﻻا سأرﯾو ،ةرادﻹا سﻠﺟﻣ سﯾﺋر نﻣ رﺎﻌﺷﺈﺑ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا دﻘﻌﺗ
from (and shall be chaired by) the Chairman or, in his	نإ) ةرادﻹا سﻠﺟﻣ سﯾﺋر بﺋﺎﻧ ﮫﺑﺎﯾﻏ ﺔﻟﺎﺣ ﻲﻓ وأ ةرادﻹا سﻠﺟﻣ سﯾﺋر
absence, the Deputy Chairman (if any) or such other	لﺑﻗ نﻣ كﻟذﺑ مﺎﯾﻘﻠﻟ ﮫﺿﯾوﻔﺗ مﺗﯾ رﺧآ ةرادإ سﻠﺟﻣ وﺿﻋ يأ وأ (دﺟو
Director as may have been authorised to do so by the	ً
نﯾﻣھﺎﺳﻣﻟا ﻊﯾﻣﺟ ﻰﻟإ ﺎﯾﻧورﺗﻛﻟإ ةوﻋدﻟا ﮫﯾﺟوﺗ مﺗﯾ .ةرادﻹا سﻠﺟﻣ سﯾﺋر
Chairman. A notice to attend the meeting of the	قوﺳﻠﻟ ﻲﻧورﺗﻛﻟﻹا ﻊﻗوﻣﻟا ﻰﻠﻋ كﻟذو ،ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا عﺎﻣﺗﺟا روﺿﺣﻟ
General Assembly shall be electronically made to all	ﺔﻔﯾﺣﺻ ﻲﻓ نﻼﻋﻹا ﻖﯾرط نﻋو ،ﺔﻛرﺷﻠﻟ ﻲﻧورﺗﻛﻟﻹا ﻊﻗوﻣﻟاو ،ﻲﻟﺎﻣﻟا
shareholders on the websites of Qatar Stock Exchange	كﻟذو ،مﻠﻌﻟا دﯾﻔﺗ ىرﺧأ ﺔﻠﯾﺳو يﺄﺑ وأ ﺔﯾﺑرﻌﻟا ﺔﻐﻠﻟﺎﺑ ةردﺎﺻ ﺔﯾﻠﺣﻣ ﺔﯾﻣوﯾ
and the Company and shall be published in a Qatari	ً
ﻰﻠﻋ ﺎﻣوﯾ نﯾرﺷﻋو دﺣاوﺑ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا دﺎﻘﻌﻧﻻ ددﺣﻣﻟا دﻋوﻣﻟا لﺑﻗ
daily newspaper published in Arabic or otherwise by	.لﻗﻷا
any other means of notification before not less than
twenty-one (21) days prior to the proposed date of the
General Assembly.
Article (50) Requisition of General assembly	ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا دﺎﻘﻌﻧا بﻠط (٥٠) ةدﺎﻣﻟا
Former Article reads as follows:				:لﯾدﻌﺗﻟا لﺑﻗ
(50-1)								(١-٥٠)
A Shareholder or Shareholders together holding at	نﻣ (%١٠) نﻋ لﻘﯾ ﻻ ﺎﻣ نوﻛﻠﻣﯾ نﯾذﻟا نﯾﻣھﺎﺳﻣﻟا وأ مھﺎﺳﻣﻠﻟ زوﺟﯾ
least (10%) of the Company's share capital may, for	ﺔﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا ةوﻋد بﻠط ،ﺔﯾدﺟ بﺎﺑﺳﻷو ،ﺔﻛرﺷﻟا لﺎﻣ سأر
serious reasons, require that a General Assembly be	(%٢٥) نﻋ لﻘﯾ ﻻ ﺎﻣ نوﻠﺛﻣﯾ نﯾذﻟا ،نﯾﻣھﺎﺳﻣﻠﻟ زوﺟﯾ ﺎﻣﻛ .دﺎﻘﻌﻧﻼﻟ
convened. Shareholders representing at least (25%) of	دﺎﻘﻌﻧﻼﻟ ﺔﯾدﺎﻌﻟا رﯾﻏ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا ةوﻋد بﻠط ،ﺔﻛرﺷﻟا لﺎﻣ سأر نﻣ
the Company's share capital may require that an	ً
.نﺄﺷﻟا اذھ ﻲﻓ ﺢﺋاوﻠﻟاو نوﻧﺎﻘﻟا ﺎھددﺣﯾ ﻲﺗﻟا تاءارﺟﻺﻟ ﺎﻘﻓو
Extraordinary General Assembly be convened in
accordance with the provisions of the Law and the
regulations in this regard.
Amended Article reads as follows:			:لﯾدﻌﺗﻟا دﻌﺑ
A Shareholder or Shareholders together holding at	نﻣ (%١٠) نﻋ لﻘﯾ ﻻ ﺎﻣ نوﻛﻠﻣﯾ نﯾذﻟا نﯾﻣھﺎﺳﻣﻟا وأ مھﺎﺳﻣﻠﻟ زوﺟﯾ
least (10%) of the Company's share capital may	ﺎﻣﻛ .دﺎﻘﻌﻧﻼﻟ ﺔﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا ةوﻋد بﻠط ،ﺔﻛرﺷﻟا لﺎﻣ سأر
require	that	a	General	Assembly	be convened.	لﺎﻣ سأر نﻣ (%٢٥) نﻋ لﻘﯾ ﻻ ﺎﻣ نوﻠﺛﻣﯾ نﯾذﻟا ،نﯾﻣھﺎﺳﻣﻠﻟ زوﺟﯾ
Shareholders representing at least (25%) of the	ً
ﺎﻘﻓو دﺎﻘﻌﻧﻼﻟ ﺔﯾدﺎﻌﻟا رﯾﻏ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا ةوﻋد بﻠط ،ﺔﻛرﺷﻟا
Company's share capital may require that an	.نﺄﺷﻟا اذھ ﻲﻓ ﺢﺋاوﻠﻟاو نوﻧﺎﻘﻟا ﺎھددﺣﯾ ﻲﺗﻟا تاءارﺟﻺﻟ
Extraordinary General Assembly be convened in
accordance with the provisions of the Law and the
regulations in this regard.
Article (52) Right to Attend and Vote			تﯾوﺻﺗﻟاو روﺿﺣﻟا ﻲﻓ ﻖﺣﻟا (٥٢) ةدﺎﻣﻟا
Former Article reads as follows:				:لﯾدﻌﺗﻟا لﺑﻗ
(52-1)								(١-٥٢)
Except as otherwise provided in these Articles, each	ً
لﻛﻟ ،ﻲﺳﺎﺳﻷا مﺎظﻧﻟا ﻲﻓ كﻟذﻟ ﺎﻓﻼﺧ ﮫﯾﻠﻋ صوﺻﻧﻣ وھ ﺎﻣ ءﺎﻧﺛﺗﺳﺎﺑ
Shareholder,	whose name	is entered	in the	دﺎﻘﻌﻧا موﯾ ﻲﻓ لوادﺗﻟا ءﺎﮭﺗﻧا دﻧﻋ نﯾﻣھﺎﺳﻣﻟا لﺟﺳ ﻲﻓ ﮫﻣﺳا دﯾﻘﻣ مھﺎﺳﻣ
Shareholders Register at the end of trading session on	ً
بﺳﺣ لﺛﻣﻣﻟا وأ ﺎﯾﻧوﻧﺎﻗ ﮫﺑوﻧﯾ نﻣ وأ ﮫﺻﺧﺷﺑ رﺿﺎﺣﻟاو ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا
the day on which the General Assembly is convened	عﺎﻣﺗﺟا روﺿﺣ ﻲﻓ ﻖﺣﻟا ،ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا رﺿﺣﯾ نأ لﯾﻛوﺑ لوﺻﻷا
and who is present in person or duly represented by	تارارﻘﻟا ﻰﻠﻋ تﯾوﺻﺗﻟاو تﻻوادﻣﻟا ﻲﻓ ﺔﻛرﺎﺷﻣﻟاو ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا
proxy,	shall	be	entitled	to	attend	the	General	اذﮭﻟ نوﻛﯾ نأو ،لﺎﻣﻋﻷا لودﺟ ﻰﻠﻋ ﺔﺟردﻣﻟا تﺎﻋوﺿوﻣﻟا نﺄﺷﺑ
Assembly, participate in deliberations and vote on such	ً
.ﮫﻛﻠﻣﯾ مﮭﺳ لﻛ نﻋ ﺎﺗوﺻ مھﺎﺳﻣﻟا
matters on the meeting agenda. Such Shareholder
shall have one vote for each Share held.