These Regulations will be cited to as the Companies Regulations.

The following words and phrases will have the meanings shown against each of them, unless the text indicates otherwise:

• Annual General Assembly Meeting: the General Assembly Meeting which is convened by a Company at least once during each calendar year.

• Articles of Association: the articles of association of a Company in the form prescribed by the Authority or in such other form as approved by the Authority.

• Authority: will have the meaning given to it in the Free Zones Law.

• Beneficial Owner: a natural person who has, alone or with one or more other persons, complete ownership or Control over the entity, including a natural person who exercises full Control/absolute effective powers over the entity regardless of legal ownership.

• Board: will have the meaning given to it in the Free Zones Law.

• Branch: a branch that is registered by the Originating Company pursuant to the Free Zones Legislation.

• CEO: the Chief Executive Officer of the Authority.