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Article (9)

No: أق/13709 Date(g): 21/8/2011 | Date(h): 22/9/1432

The Company shall obtain SAMA's written approval before:

 1.opening a branch or an office, or establishing a subsidiary inside or outside Saudi Arabia;
 2.entering into a merger or acquisition deal/transaction with another entity; and
 3.affecting any change on its articles of incorporation or by-laws.