Shareholders’ Resolution – Amendment to Articles of Association

Document Summary

This document records the decision of the shareholders of the company to amend the Articles of Association of the company. An amendment to the Articles of Association requires a special resolution, meaning that the decision must be issued by a majority vote of shareholders who own at least three-quarters of the shares represented in the general assembly meeting.

Description

In addition to issuing a special decision, a public joint stock company must get the approval of the securities and commodities authority. And the company shall submit a copy of the decision to the local authority having competence with regards to the affairs of companies in the relevant emirate as stipulated in Article 139 of Federal Decree-Law No. 32 of 2021.

Jurisdiction

This document is intended for use in the United Arab Emirates.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.