A listed shareholding company shall observe the following rules upon endorsement of the rules of purchase own shares for the purpose of its employee incentive shares scheme:

• 1. The proposal of the rules of the employee incentive shares scheme shall be developed by the Board of Directors 'BoD' to be presented to the general assembly of the company for endorsement following the approval of the Qatar Financial Markets Authority 'QFMA'.

• 2. The incentive shares scheme, when presented to the general assembly, shall be included the following:

  • a. The proposed number of shares earmarked to the incentive scheme to be allocated to the employees, which shall not exceed (7%) of the total paid up capital.

  • b. The beneficiaries of the incentive scheme. The BoD members shall be excluded from the scheme.

  • c. The legal status of the incentive shares concerning rights related to shares such as their loss of voting right.

  • d. The accounting methodology used in implementing the incentive rules according to the applied scheme mechanism.