CHAPTER EIGHT                  

	FEDERATIONS OF SHAREHOLDING EMPLOYEES AT JOINT STOCK COMPANIES, AND PARTNERSHIP COMPANIES LIMITED BY SHARES  

Article  (74)

Employees of the joint stock companies, or partnership companies limited by shares, may establish a federation to be named the "Federation of Shareholding Employees", which shall have a judicial entity, and shall own on their part company shares, subject to the approval of company founders, or its extraordinary general assembly, as the case may be. The Federation shall have the right to buy the shares listed, or traded in the stock exchange.

The Executive Regulations shall specifically stipulate the following:

1.	Conditions to be met by companies wherein employees shall be entitled to establish the Federation.

2.	Types of shares which the members of the Federation may own, its evaluation procedure, the conditions and rules governing its trading and dispensation thereof, and the right of employees regarding these shares during their term of service, and at termination of service.

3.	Conditions to be met by the Federation, its functions, the entity in charge of its management and the means available to the management.

4.	The financial resources of the Federation. 

5.	The Federation may acquire loans, grants, or subsidies for the purpose whereby it was established.
	
Article  (75)

The Federation shall be established by a decree from the Authority. It is to be registered and de-registered by the Authority in accordance with the rules, conditions and terms set by the Executive Regulations.

The Authority’s Board of Directors shall provide the format pertaining to the statute of the Federation. 

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