Companies Law

The extraordinary general assembly shall have the following powers: Companies Law 1. Amending the company’s articles of association, except for matters relating to the following: a) Depriving a shareholder of his fundamental rights as a shareholder or making any amendments to such rights, taking into consideration the nature of the rights related to the type or class of shares owned by the shareholder, particularly the following: i. Receiving dividends whether in the form of cash or bonus shares to other than the employees of the company or its subsidiaries. ii. Receiving a share of the company’s net assets upon liquidation. iii. Attending general or special shareholder assembly meetings, participating in deliberations, and voting on decisions. iv. Disposition of his shares, except in cases specified in this Law. v. Requesting access to the company’s records and documents, monitoring board activities, initiating derivative actions against board members, and challenging the validity of decisions issued by general or special assemblies. b) Amendments which increase the financial burden of shareholders, unless unanimously approved by shareholders. 2. Deciding on the continuation or dissolution of the company. 3. Approving the company's purchase of its shares.