Under this contract entered into between the shareholders whose complete details are provided in the attached contracting form, and after each of them acknowledges their full legal capacity to contract and commit, and desiring to organize their relationship on a basis of clarity and balance, they agreed to establish a holding company among themselves according to the following terms and conditions, in accordance with the applicable law:

Article (1) Preamble and Definitions

1- The term "Company" refers to the entity established under this contract; "Shareholders" are those owning shares in its capital; "General Assembly" is the body that makes collective decisions in the Company; "Management" refers to those who manage the Company according to this contract; and "Applicable Law" refers to the laws, regulations, and rules governing companies and the conduct of business activities.

2- The term "Distributable Net Profits" refers to the profits remaining after deducting expenses, amortizations, provisions, and appropriating the required reserves; and "Special Majority" refers to the enhanced ratio required by this contract or the law for certain decisions.

3- The aforementioned preamble and the attached appendices shall constitute an integral part of this contract and complement its provisions, and shall be read together as one complete document.

4- The titles of the articles are provided solely for ease of reference and shall not be relied upon in interpreting the provisions or determining their scope, and in the event of ambiguity, the intent of the parties and the nature of the activity, as well as the requirements of good faith, shall be referred to.

Article (2) Eligibility of the Contractors and Validity of the Establishment

1- The shareholders acknowledge that they possess the full legal capacity required for contracting, the establishment of the company, and adherence to the provisions of this contract, and that there are no legal impediments preventing them from doing so.

2- The shareholders acknowledge that all data and documents submitted by them for the purpose of establishment are correct and complete, and they bear responsibility for their accuracy and for any damage arising from their violation.

3- The establishment of the company shall be considered valid and effective upon the fulfillment of the substantive and formal conditions prescribed by law, including the drafting of the contract, its registration, and its publication in the commercial register.

4- The nullity of one of the shareholders' status shall not result in the nullity of the company in relation to good faith third parties, and this shall be addressed in accordance with the applicable law.

Article (3) Establishment of the Holding Company, Its Form and the Liability of Shareholders

1- A holding company has been established with the primary purpose of owning shares or stocks in other companies (subsidiaries) and participating in their management, oversight, and financing. It is subject to the provisions of this contract and the applicable law.