Royal Decree 36/2010 regarding Oman Housing Bank SAOC

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

the Commercial Companies Law 4/74,

Royal Decree 51/77 Establishing Oman Housing Bank,

the System of Apartments and Floors Ownership promulgated by Royal Decree 48/89,

the System for the Collection of Taxes, Fees, and Other Amounts Due to Units of the Administrative Apparatus of the State promulgated by Royal Decree 32/94,

the Financial Law promulgated by Royal Decree 47/98,

the Banking Law promulgated by Royal Decree 114/2000,

and the Civil and Commercial Procedures Law promulgated by Royal Decree 29/2002,

and in pursuance of public interest,

have decreed as follows

Article I

The provisions of the attached system shall apply in regard to Oman Housing Bank SAOC.

Article II

The duration of Oman Housing Bank specified in its articles of association attached to the aforementioned Royal Decree 51/77 is extended for twenty years starting from 1 August 2007.

Article III

All that is contrary to the provisions of the attached system, or in conflict with them, is hereby repealed.

Article IV

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication, with the exception article II, which comes into force on the date specified in it.

Issued on: 29 Rabi Al-Thani 1431
Corresponding to: 14 April 2010

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 909 issued on 17 April 2010.