By virtue of this contract entered into between the shareholders whose complete details are provided in the attached contracting form, and after each of them has acknowledged their full legal capacity to contract and commit, and their desire to organize their relationship on the basis of clarity and balance, they have agreed to establish a joint-stock 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 by this contract; and "Shareholders" refers to the holders of shares in its capital; and "General Assembly" refers to the body that makes collective decisions in the company; and "Management" refers to those who manage the company in accordance with this contract; and "Applicable Law" refers to the laws, regulations, and bylaws governing companies and the practice of activities.

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

3- The above preamble and the attached annexes are an integral part of this contract and complement its provisions, and they should be read together as a single coherent text.

4- The titles of the articles are provided for convenience of reference only and shall not be considered in the interpretation of the provisions or in determining their scope, and in the event of ambiguity, reference shall be made to the intent of the concerned parties, the nature of the activity, and the requirements of good faith.

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

1- The shareholders acknowledge that they have full legal capacity necessary for contracting and establishing the company and for binding themselves to the provisions of this contract, and that there is no legal impediment preventing them from doing so.

2- The shareholders acknowledge that all data and documents submitted by them for the purposes of establishment are accurate and complete, and they bear responsibility for their correctness and for any damages arising from violations thereof.

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

4- The invalidity of a shareholder’s status does not result in the invalidation of the company in relation to third parties acting in good faith, and this shall be addressed according to the applicable law.

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