1. The Board or its authorized representative shall maintain duly organized accounting books and records for each of the Company’s financial year, including the balance sheets as of the end of each financial year, in addition to profit and loss accounts.

2. The Company accounts shall be prepared according to internationally recognized accounting principles in a manner that reflects fairly and accurately the Company’s profit and loss during the financial year in addition to the Company’s position at year’s end along with all other requirements highlighted by the Companies’ Law.

3. The financial statements shall be endorsed by the Chairman or any Board member and the Chief Executive Officer of the Company along with the auditor of the Company.