Administrative Resolution No. (137) of 2025 Concerning the Requirements Applicable to Project Companies

المادة 1

The words and expressions mentioned in this Resolution have the same meaning assigned to them in the Law.

المادة 2

Without prejudice to the obligations stipulated in the Law, the resolutions issued in pursuance thereof, and the terms of the Partnership Contract, a Project Company must: 1. ensure that its memorandum of association and articles of association are consistent with the terms of the Partnership Contract, any agreements attached thereto, and the provisions of the Law; 2. ensure that its term is not shorter than the period required to perform the obligations and fulfil the requirements prescribed under the Partnership Contract; 3. adopt a risk management system that ensures business continuity and the performance of its obligations under the Partnership Contract; 4. maintain the financial solvency necessary for performance of its obligations under the Partnership Contract; and 5. comply with any other requirements prescribed by the Government Entity as warranted by the nature of the Project.

المادة 3

This Resolution comes into force on the day on which it is issued, and will be published in the Official Gazette.