The Minister of Economy,

Pursuant to the perusal of Federal Law No. 1/1972 on Competencies of the Ministries and Powers of the Ministers and its amendments;

Federal Law No. 8/1984 on the Commercial Companies and its amendments;

Federal Law No. 4/2000 on the UAE Securities and Commodities Authority and Market and its amendments;

Federal Decree No. 32/2013 on the formation of the UAE Cabinet;

Decision of the Ministerial Council for Services No. 3/3/2007 on the delegation of the Securities and Commodities Authority to receive the applications for establishing public joint stock companies, complete and supervise all relevant procedures;

Ministerial Decision No. 84/1985 on the procedures related to transformation of companies;

Ministerial Decision No. 70/2009 on the committees set to evaluate real shares of public joint stock companies; and

After consultation and coordination with the concerned bodies in the State,

Has decided: