We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
Royal Decree 52/81 Establishing Oman Aviation Services Company and its amendments,
the constitutive contract and the articles of association of Oman Aviation Services Company, and the decision of the extraordinary general meeting of Oman Aviation Services Company at its meeting held on 6 Dhu Al-Hijja 1416 corresponding to 24 April 1996 to increase the capital of the company,
and in pursuance of public interest,
have decreed as follows
Article I
The capital increase of the mentioned Oman Aviation Services Company from seven million to ten million five hundred thousand Rial Omani is hereby approved.
Article II
The text of article 5 of the articles of association of the company is hereby amended to read:
(Company Capital)
The capital of the company is 10,500,000 (ten million five hundred thousand) Rial Omani, divided into ten million five hundred thousand shares, the nominal value of the share is one Rial Omani, and all shares are represented by official certificates that are negotiable and registered in the names of their holders.
Article III
This decree must be published in the Official Gazette, and comes into force from 1 May 1996.
Issued on: 21 Muharram 1417
Corresponding to: 8 June 1996
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 577 issued on 15 June 1996.