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Article (5) Additional Annual Remuneration

The BODs of for-profit federal entities may decide to grant additional annual financial remunerations to the Chairman and members of the BOD (including the youth representative), provided that the following shall be taken into account:

1. The entity shall have an approved system for distributing additional annual remunerations from the annual net profit to its employees, and the total remunerations paid to the BOD chairman and members, the entity employees, and any other categories shall not exceed (5%) of the entity total annual net profit.

2.  The entity actual revenues generated shall not surpass its actual expenses for the relevant year. Furthermore, the entity shall exhibit a net profit surplus, of which a percentage not exceeding (5%), can be allocated for disbursal as additional financial remunerations to the BOD Chairman and members, as well as entity employees.

3.  The total annual remuneration of the Chairman (membership remuneration and additional remuneration) shall not exceed the amount of (400,000) four hundred thousand Dirhams.

4. The total annual remuneration of the member (membership remuneration and additional remuneration) shall not exceed the amount of (300.000) three hundred thousand Dirhams.