Companies Law

1. The general assembly shall determine the percentage of the net profit to be distributed to the shareholders after deducting the reserves, if any. 2. A shareholder shall be entitled to dividends pursuant to a decision issued by the general assembly. The decision shall indicate eligibility and distribution dates. Shareholders registered in the shareholders’ register by the end of the eligibility date shall be eligible to receive dividends. The Regulations shall determine the maximum period during which the board of directors shall implement the general assembly’s decision regarding the distribution of dividends to shareholders. Chapter 6: Amending the Capital of a Joint-Stock Company Section 1: Capital Increase