As part of CMA’s efforts to pursuit the best practices in Corporate Governance and develop the standards and principles related and based on CMA’s strategy to gradually impose some mandatory provisions set Forth in the Corporate Governance Regulations  issued by CMA in order to create an environment that protects the rights of shareholders. The Board has issued its resolution based on clause (B) of Article 1 of the Corporate Governance Regulations. The resolution consisted of the following:

1. Clauses ( i , j) of Article 5 and clause (g) of Article 12 of the Corporate Governance Regulations  are mandatory for listed companies in the Saudi Stock Exchange (Tadawul) starting from 19/02/1434H corresponding to 1/1/2013.
2. Clauses ( c , d) of Article 10 of the Corporate Governance Regulations  are mandatory for listed companies in the Saudi Stock Exchange (Tadawul) starting from 21/08/1434H corresponding to 30/6/2013.