The Company’s share certificates shall be kept in electronic form.

Any natural or juristic person, national citizen or non-national may own any of the Company’s shares, pursuant to rules and procedures provided by the Board. In all cases, non-nationals’ ownership shall not exceed the percentage provided by the Companies Law of Company’s capital in any type or class of shares acquired thereby, or as determined by the Authority, whichever is less.

1. The Company’s shares are indivisible, whereby a single share cannot be divided on more than one person.

2. Each share grants its holder to a right equal to the other shareholders without any discrimination, notwithstanding the Board’s decision to issue preferred shares. In such case, the shares’ rights and obligations shall be in accordance with the prospectus.

The Company’s authorized capital is AED 1,000,000,000 (one billion) UAE dirham, of which (AED 600,000,000) Six Hundred Million UAE dirhams is fully paid, divided into (600,000) (Six Hundred Thousand) ordinary shares of (AED 1000) One Thousand UAE dirham each. The Company’s capital may be amended based on the provisions stated in these Articles.

1. The Company shall be in charge of the activities commensurate with its nature, including the following:

The Company’s term is one hundred (100) calendar years, commencing from the establishment date of the Corporation as per the Federal Law number (4) of 1985, renewable automatically for similar periods, unless General Assembly issues a Special Resolution to terminate the Company. 

The Company’s main office shall be in the Emirate of Dubai, provided that the Board may establish branches, offices or agencies elsewhere whether inside or outside the Country, as it deems fit.

Upon the issuance of the Incorporation Law, the Company shall be wholly owned by Authority. The Company shall have financial and administrative independence and juristic personality along with a separate budget. The Company shall also enjoy full legal capacity to carry out its activities and achieve its goals, as mentioned in this Articles, and shall be managed on commercial and investment basis.

Emirates Post Group was first incorporated by virtue of the Federal Law number (4) of 1985, regarding the incorporation of General Post Authority, amended by the Federal Law number (8) of 2001, regarding the incorporation of Emirates Post Corporation (Emirates Post), and amended by the Federal Law (14) of 2007, regarding the incorporation of Emirates Post Group Holding, and then amended by Federal law (3) of 2013 regarding the incorporation of Emirates Post Group which was eventually amended by  the Incorporation Law to become a public joint stock company by the name of Emirates Post Group Company to be known as “Emirates Post Group ”.

The following terms & words shall have the following meanings, unless otherwise context requires.