work 4 Riyadh THE COUNCIL OF MINISTERS APPROVED THE REQUEST OF THE MINISTER OF COMMERCE AND INDUSTRY FOR ESTABLISHING A SAUDI JOINT STOCK COMPANY UNDER THE NAME OF "THE SAUDI FINANCIAL MARKET COMPANY" (TADAWUL) ACCORDING TO ITS BASIC LAW, ATTACHED TO THIS DECISION. A ROYAL DECREE HAS BEEN PREPARED FOR THIS END. THE MAIN ASPECTS OF THE COMPANY'S LAW: 1- SOME OF THE MOST IMPORTANT PURPOSES OF THE COMPANY INCLUDE PROVIDING, PUTTING FORTH AND ADMINISTERING MECHANISMS OF FINANCIAL PAPERS' TRADING, CARRYING OUT THE WORKS OF SETTLEMENT AND CLEARANCE OF FINANCIAL PAPERS, DEPOSITING THEM, REGISTERING THEIR OWNERSHIP AND PUBLISHING INFORMATION RELATING TO THEM. 2- THE CAPITAL OF THE COMPANY SHALL BE SR1.2 BILLION DIVIDED INTO 120,000,000 SHARES OF EQUAL VALUE. THESE ARE CASH SHARES WHOLLY SUBSCRIBED TO BY THE GENERAL INVESTMENT FUND. 3- PART OF THE SHARES OF THE COMPANY SHALL BE OFFERED FOR PUBLIC SUBSCRIPTION ON THE TIME TO BE DETERMINED BY THE EXTRAORDINARY GENERAL ASSEMBLY OF THE COMPANY. --MORE www.spa.gov.sa/434430