May 28, 2017

Extending the Notification Period required for Calling General Assembly

On 14th May 2017, The Minister of Investment issued Decree no. 94 of 2017 amending
the third paragraph of Article 203 of the executive regulation of the Companies Law.

The decree extends the notification or publication period required for calling the
ordinary or extraordinary general assembly for a first meeting to be 21 days instead of
15 days, which gives more time to the shareholders to review carefully the invitation
and prepare themselves to attend the meeting.

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