تخطٍ إلى المحتوى الرئيسي
ساري المفعولCabinet Resolution

قانون الشركات / التجاري في الإماراتقرار مجلس الوزراء في شأن اعتماد النظام الأساسي لشركة الهوية المالية

قرار مجلس وزراء إماراتي·Cabinet Resolution No. (102) of 2026

تاريخ الإصدار
3 يونيو 2026
ساري المفعول من
4 يونيو 2026
المواد
33
آخر مزامنة
31 أغسطس 2026

ملخّص بلغة مبسّطة

  • مجلس الوزراء يوافق على النظام الأساسي لشركة الهوية المالية.
  • الشركة ستدير أنظمة وخدمات الهوية المالية في الإمارات.
  • ينطبق على جميع الجهات التي تستخدم منصة وخدمات الهوية المالية.
  • يحدد هيكل الإدارة والصلاحيات والإطار التشغيلي للشركة.

متزامن من البوّابة الرسمية للتشريعات الإماراتية · ملخّص تحريري من فريق LEXAI

النص على مستوى المادة

المواد الرئيسية

33 مواد

النص الإنجليزي معروض — الترجمة العربية قيد الإعداد.

  1. 1

    المادة 1

    Article (1) The Articles of Association of the Financial Identity Company (Private Joint Stock Company), the text of which is annexed hereto, are hereby adopted.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 2

  2. 1

    Chapter One Incorporation and Objectives of the Company: Incorporation and Objectives of the Company

    المادة 1

    Article (1) Definitions For the purposes of implementing the provisions of these Articles of Association, the following terms and expressions shall have the meanings assigned to each of them, unless the context requires otherwise: State : The United Arab Emirates. Decree by Law : Federal Decree by Law No. (30) of 2024 Regarding "Know Your Customer" Digital Platform. Commercial Companies Law : Federal Decree by Law No. (32) of 2021 Regarding Commercial Companies, as amended, and the ministerial resolutions issued in implementation thereof, and any legislation superseding the same. Ministry : The Ministry of Economy and Tourism. Central Bank : The Central Bank of the United Arab Emirates. Trade Register : The trade register of companies maintained by the Ministry. Company : The Financial Identity Company established pursuant to the provisions of the Decree by Law. Board : The Board of Directors of the Company, comprising the members appointed in accordance with the provisions of these Articles of Association. Chairman : The Chairman of the Board. Board Member : Any member of the Board of Directors of the Company, including the Chairman.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 4 General Manager : The person heading the executive management of the Company (irrespective of the title conferred thereupon, whether "General Manager," "Chief Executive Officer," or otherwise). Capital : The paid-up capital of the Company as set out in Article (8) of these Articles of Association. Share : Any share in the Capital. Shareholder : Any person whose name is entered in the Register of Shareholders as the owner of one or more Shares in the Company. Share Register : The register setting out the Shareholders' ownership percentages in the Company's Shares and the rights attached thereto. Registrar : The entity appointed to maintain the Share Register in accordance with Article (11) of these Articles of Association. Special Resolution : A resolution passed by a majority of the votes of Shareholders holding not less than three-quarters (3/4) of the Shares represented at the General Assembly of the Company.

  3. 2

    المادة 2

    Article (2) This Resolution shall be published in the Official Gazette and shall enter into force on the day following the date of its issuance. Mohammed bin Rashid Al Maktoum Prime Minister Issued by us: On: 17 Dhu al-Hijjah 1447 A.H. Corresponding to: 3 June 2026 A.D.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 3 Articles of Association Of the Financial Identity Company – PJSC (Private Joint Stock Company) Chapter One Incorporation and Objectives of the Company

  4. 2

    المادة 2

    Article (2) Rules of Interpretation 1. All references relating to time, dates, and periods shall be construed and calculated in accordance with the Gregorian calendar. 2. Words importing the singular shall include the plural, and words importing the masculine, or the feminine shall include both genders.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 5

  5. 3

    المادة 3

    Article (3) Incorporation of the Company 1. The Company is incorporated in accordance with the provisions of the Decree by Law and these Articles of Association. 2. The Company shall not be subject to the provisions of Articles (14), (15), (259), (260), (261), (262), (263), and (266) of the Commercial Companies Law, or any provisions superseding the same. 3. The Company shall be exempt from any provision of the Commercial Companies Law that contradicts or conflicts with the provisions of these Articles of Association.

  6. 4

    المادة 4

    Article (4) Name of the Company 1. The Company's name shall be "Financial Identity Company – P.J.S.C." 2. The Company's full name, or its abbreviated name, shall be clearly displayed at all locations where the Company conducts its business, as well as on all documents and correspondence relating to the Company's affairs. 3. The Company shall conduct business with, and be identified before, all official and non- official authorities and vis-à-vis third parties by the name specified in Clause (1) of this Article.

  7. 5

    المادة 5

    Article (5) Head Office The Company's head office and legal domicile shall be in the Emirate of Abu Dhabi. The Company may establish, close, or manage branches within or outside the State pursuant to a resolution issued by the Board and in accordance with the legislation in force in the State.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 6

  8. 6

    المادة 6

    Article (6) Term of the Company The term of the Company shall be fifty (50) years commencing from the date of its registration in the Trade Register, and shall be automatically renewed for successive periods of twenty- five (25) years each, unless the Company is dissolved for any of the reasons set out in Article (27) of these Articles of Association.

  9. 7

    المادة 7

    Article (7) Objects of the Company 1. The objects of the Company shall be as follows: a. Collecting "Know Your Customer" data from one or more sources. b. Classifying and analyzing "Know Your Customer" data. c. Establishing and managing the "Know Your Customer" Digital Platform. d. Regulating the collection, analysis, classification, use, circulation, and exchange of "Know Your Customer" data in accordance with the cybersecurity policies, standards, and guidelines in force in the State. e. Issuing the "Know Your Customer" Report and any other related reports and products. f. Entering into the agreements necessary to achieve its objects, whether with financial institutions licensed by the Central Bank, data providers, or others. g. Developing and enhancing risk tools and standards relating to the collection, analysis, use, circulation, and exchange of "Know Your Customer" data. 2. For the purpose of achieving the objects set out in Clause (1) of this Article, the Company may, whether within or outside the State, carry out the following activities and businesses: a. Acquiring, subscribing for, or owning Shares, interests, or other rights in companies or projects operating in fields related to the Company's objects, any expansion thereof, or its other businesses, or carrying on activities similar to those undertaken by the Company or otherwise assisting the Company, and financing such companies and projects.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 7 b. Establishing subsidiaries within and outside the State and conferring upon them such authority and powers as the Company considers appropriate or necessary for any purpose related to the Company's objects, any expansion thereof, or its business. c. Participating with others in the establishment of companies, partnerships, or other entities. d. Carrying on any business or activity that is connected with or ancillary to any of the Company's objects, or which directly or indirectly enhances the value of any or all of the Company's projects, properties, or assets, or otherwise increases the Company's profitability, or promotes its interests. e. Entering into agreements with banks, financial institutions, and credit agencies relating to the financing of the Company's activities and business, including, without limitation, issuing guarantees and granting security over its assets, including its Shares or assets, or the Shares, interests, or assets of its subsidiaries, and entering into agreements for the benefit of third parties in connection with the Company's objects or any expansion thereof, including, without limitation, issuing guarantees, granting indemnities, acting as guarantor, or, notwithstanding the foregoing, guaranteeing the obligations of any of the Company's subsidiaries, whether with or without consideration, and pledging or otherwise creating security over the whole or any part of the Company, its assets, or the interests, Shares, or assets of its subsidiaries to secure its obligations or those of its subsidiaries, subject to the legislation in force in the State. f. Issuing new shares in the Company or interests or Shares in any subsidiary. g. Appointing any agent or agents anywhere in the world, at the Company's expense, whether lawyers, bankers, accountants, consultants, engineers, managers, or others, to carry out any act or transaction required for the purposes of the Company. 3. The Company shall carry on its objects within and outside the State, as determined by the Board in this regard after obtaining the approval of the Central Bank. 4. The objects of the Company set out in this Article shall be construed in their broadest sense to achieve the purposes for which the Company was established under the Decree by Law.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 8 Chapter Two Capital, Shares, and Profits

  10. 8

    Chapter Two Capital, Shares, and Profits: Capital, Shares, and Profits

    المادة 8

    Article (8) Capital 1. The Company's capital shall be AED 120,000,000 (one hundred twenty million dirhams), fully paid up, divided into 120,000,000 (one hundred twenty million) cash Shares, each with a nominal value of AED 1 (one dirham). 2. The Shares comprising the capital shall be distributed among the Shareholders upon incorporation in accordance with the schedule annexed to these Articles of Association. 3. All Shares of the Company shall be registered, indivisible, and may not be disposed of except with the approval of the Central Bank.

  11. 9

    Chapter Two Capital, Shares, and Profits: Capital, Shares, and Profits

    المادة 9

    Article (9) Ownership of Shares 1. Ownership of the Capital shall be as follows: a. The Federal Government: 20%. b. Banks: 60%. c. Insurance Companies: 10%. d. Exchange Houses: 10%. 2. In all cases, the ownership interest of the Federal Government shall not be less than twenty percent (20%) of the Company's Capital, which shall be funded through the Ministry of Finance. 3. Upon any change in the Shareholders or their ownership percentages in the Company, within the limits of the percentages specified in Clause (1) of this Article, the Registrar shall promptly update the Share Register of the Company and immediately notify the Ministry thereof.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 9

  12. 10

    المادة 10

    Article (10) Disposition of Shares 1. No Shareholder may dispose of any of its Shares to any other Shareholder or to a third party except after obtaining the approval of the Central Bank and in accordance with the provisions of these Articles of Association. 2. Without prejudice to the provisions of this Article, any disposal of Shares effected in accordance with the provisions of these Articles of Association, including the transfer of ownership and the creation of rights thereover, shall be registered. 3. Following the approval of the Central Bank, Shares in the Company shall be disposed of by executing a share sale agreement between the selling Shareholder and the purchaser. A copy of the share sale agreement shall be furnished to the Registrar immediately upon its execution, together with a copy of the Central Bank's approval, to enable the Registrar to amend the Share Register. 4. Any disposal of Shares that is not effected in accordance with the provisions of these Articles of Association shall be null and void.

  13. 11

    المادة 11

    Article (11) Registrar and Share Register 1. The Company shall appoint a Registrar to maintain the Share Register. 2. The Registrar shall establish and promptly update the Share Register to reflect any changes that may occur in the Capital or among the Shareholders. 3. The Share Register shall include the names, domiciles, addresses, and nationalities of the Shareholders, the number and value of the Shares owned by each of them, and all transactions effected in respect of the Shares, together with the dates and particulars thereof. 4. The Company shall retain all documents, accounting and financial books, reports, and other records relating to the Company and its contracts, including the updated Share Register and all resolutions issued by the General Assembly.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 10 5. The Company shall not be obliged to recognize any right or interest of any person in the Company's Shares unless that person's name is entered in the Share Register as the owner of those Shares. 6. The certificate issued by the Registrar, and the information contained therein, shall constitute sufficient evidence of a Shareholder's ownership of Shares in the Company and of the number and value thereof.

  14. 12

    المادة 12

    Article (12) Increase of Capital 1. Without prejudice to Clause (2) of Article (9) of these Articles of Association, the Shareholders may, from time to time, increase the Company's Capital by issuing new Shares pursuant to a Special Resolution adopted at a General Assembly meeting and subject to the prior approval of the Central Bank. In such case, the resolution increasing the Company's Capital shall specify the names of the existing Shareholders or the new Shareholders who will subscribe for the Shares issued upon the increase of the Company's Capital. 2. No Shareholder may claim the right to subscribe for any of the new Shares issued for the purpose of increasing the Capital except with the approval of the Central Bank.

  15. 13

    المادة 13

    Article (13) Reduction of Capital Without prejudice to Clause (2) of Article (9) of these Articles of Association, the Shareholders may, after obtaining the approval of the Central Bank and the Federal Government, reduce the Company's Capital from time to time.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 11

  16. 14

    المادة 14

    Article (14) Profits 1. The Board may propose allocating a portion of the Company's net profits for distribution to the Shareholders in proportion to their ownership interests in the Company, taking into account any resolution issued by the General Assembly in this regard. 2. Each year, the Company shall appropriate not less than five percent (5%) of its net profits as a statutory reserve. The Shareholders, at the General Assembly, may resolve to discontinue such appropriation from the net profits to the statutory reserve once the reserve reaches at least fifty percent (50%) of the Company's Capital. Chapter Three Management of the Company

  17. 15

    Chapter Three Management of the Company: Management of the Company

    المادة 15

    Article (15) Board 1. The management of the Company shall be vested in a Board consisting of nine (9) members, including the Chairman. 2. The Chairman shall be one of the Assistant Governors of the Central Bank, who shall be appointed by the Central Bank. The representative of the Federal Government's Shares shall serve as the Vice Chairman and shall act in place of the Chairman in the latter's absence. 3. The remaining Board members shall be nominated by the Shareholders, provided that such nominations are approved by the Central Bank. The Central Bank shall have the right to object to any nominee and shall not be required to provide any justification therefor. 4. The Board shall have all powers necessary to manage the Company, conduct all its business, and undertake all acts and transactions on its behalf that the Company is authorized to perform. It shall exercise all powers necessary to achieve the Company's objects. Such authorities and powers shall be subject only to the restrictions set out in these Articles of Association or in the resolutions issued by the General Assembly.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 12

  18. 16

    المادة 16

    Article (16) Term of the Board 1. The term of office of the Board, including the Chairman, shall be three (3) years commencing from the date of issuance of the Central Bank's decision approving their appointment. Upon expiry of the term, the Board shall continue to discharge its duties until a new Board of Directors is approved. Members whose terms of office have expired may be reappointed. The Chairman's term of office shall be automatically renewed unless the Central Bank appoints a replacement. 2. The Central Bank shall appoint members to fill vacancies arising during the year within a period not exceeding thirty (30) days from the date on which the position becomes vacant, based on the nominations submitted by the Shareholders. In all cases, the new member shall serve for the remainder of the predecessor's term of office and shall be eligible for reappointment.

  19. 17

    المادة 17

    Article (17) Chairman The Chairman shall be responsible for the following: 1. Presiding over meetings of the Board. 2. Establishing the agendas for Board meetings. 3. Calling special meetings of the Board, whenever necessary. 4. Determining the date, time, and venue of General Assembly meetings and setting the agendas for such meetings. 5. Ensuring that the strategies and policies approved by the Board are effectively implemented by the General Manager.

  20. 18

    المادة 18

    Article (18) Board Meetings 1. The Board shall convene at least four (4) meetings annually, upon the invitation of the Chairman or at the request of at least two (2) Board members. Such meetings shall be held

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 13 at the Company's head office or at any other location approved by the Chairman. Meetings may also be conducted by means of remote communication. 2. Notice of the Board meeting shall be sent to each Board member at least seven (7) days before the scheduled meeting, and shall specify the date, time, venue, and means by which the meeting will be held, and accompanied by the agenda. 3. The notice period prescribed in Clause (2) of this Article may be waived for an urgent meeting, provided that the majority of the Board members approve such waiver in writing, and such approval shall be recorded in the minutes of the meeting. 4. Any Board member may request the inclusion of an item on the agenda, provided that the request is submitted in writing to the Chairman at least three (3) days before the date of the meeting and includes the particulars of the proposed item. 5. No item other than those included in the agenda may be considered except with the approval of the Chairman. 6. A Board meeting shall be valid only if attended by a majority of the Board members, including the Chairman, whether in person or by means of remote communication. 7. If the required quorum is not achieved at the scheduled time for the commencement of the meeting, the meeting shall be adjourned to a later date within a period of seven (7) days. The members shall be notified of the date and means of holding the adjourned meeting. If the quorum is not achieved at the scheduled time for the commencement of the adjourned meeting, the adjourned meeting shall be deemed valid regardless of the number of members in attendance. 8. A Board member participating by means of any remote communication method shall be deemed present. 9. Decisions of the Board shall be adopted by a majority of the votes of the Board members present, provided that the Chairman votes in favor thereof. The Chairman shall have the right to object to any decision. 10. Minutes of Board meetings shall be maintained in a special register kept by the Company, provided that the minutes shall record all matters discussed, the decisions adopted during the meeting, and any objections expressed by the Board members. The minutes shall be signed by the Chairman, the attending Board members, as well as the secretary of the

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 14 meeting. The signatories to the minutes shall be responsible for the accuracy of the particulars contained therein. A copy of the minutes shall be sent to the Board members for retention in their records, and the Board Secretary shall retain all minutes of meetings of the Board and committee. 11. The Board may adopt decisions by circulation without convening a meeting, subject to the following conditions: a. A majority of the Board members, including the Chairman, shall agree that the matter warrants the adoption of a decision by circulation without convening a meeting. b. The draft resolution shall be provided to the Board members in writing for their consideration, together with all documents and materials necessary for review. c. The decision by circulation shall be approved in writing by a majority of the Board members, including the Chairman, provided that it is submitted to the next Board meeting and recorded in the minutes thereof. d. The decision shall become effective upon being signed by a majority of the Board members, including the Chairman.

  21. 19

    المادة 19

    Article (19) Competences of the Board 1. The Board shall have all competences and authorities necessary for the management, operation, and representation of the Company in furtherance of its objects, activities, and all matters related or incidental thereto. In particular, and without limitation, the Board shall have the authority to: a. Establish the Company's strategies and principal plans; supervise and carry out all business and matters necessary to achieve the Company's objects, activities, and operations; and purchase, sell, and lease the Company's assets. b. Manage and operate all of the Company's commercial, civil, administrative, and financial affairs; execute and enter into all contracts, agreements, instruments, and other documents relating to the Company's objects and activities; establish branches and offices inside and outside the State; establish companies; and participate in any projects.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 15 c. Appoint and remove the General Manager, and determine all matters relating to the General Manager's remuneration, competences, duties, term of office, and removal. d. Protect the Company's rights and interests; represent the Company in all matters, disputes, and arbitration proceedings; appoint and/or remove arbitrators, lawyers, and legal representatives; and authorize them to exercise all or any of the powers prescribed under the Civil Procedures Law, in addition to any other powers that may or may be permitted to be delegated under that Law, as applicable. e. Represent the Company and execute on its behalf all documents, instruments, transactions, and correspondence; pay and receive fees, charges, monies, and funds due to or relating to the Company or its business and activities within the scope of the Company's objects before all federal and local authorities, Public Prosecution offices, courts, police authorities, notary public offices, labor offices, immigration and nationality authorities, airports, seaports, municipalities, chambers of commerce, communications and transport authorities, free zone authorities, ministries, governmental and non-governmental entities, companies, and other legal persons within and outside the State. f. Subject to, and in accordance with, any authority delegated by the Board from time to time, carry out all of the Company's transactions, operations, and accounts with banks, financing entities, and other financial and commercial institutions. In particular, the Board shall have full authority to open, operate, and close bank accounts, commercial accounts, and any other accounts, and to deal with banks and other financial institutions through all forms of banking and/or commercial transactions, including, without limitation: 1. Executing on behalf of the Company all contracts, agreements, applications, banking documents, and instruments relating to any transaction undertaken by the Company. 2. Opening, closing, and otherwise dealing with any or all types of bank accounts. 3. Operating and administering bank accounts by making withdrawals and deposits, issuing, signing, endorsing, presenting, receiving, collecting, accepting discounting of, objecting to, and/or stopping payment of checks.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 16 4. Providing all forms of bank guarantees and other guarantees; undertaking all procedures relating to possessory security and security interests, or any other forms of security, over any property, funds, real property, mortgageable real property rights, securities, commercial papers, financial instruments, and other movable and/or immovable assets owned by or belonging to the Company from time to time. 2. The Board may delegate any of the powers set out in Clause (1) of this Article to the Chairman, the General Manager, any employee of the Company, or any third party.

  22. 20

    المادة 20

    Article (20) Board Committees 1. The Board shall establish committees reporting directly thereto, including, at a minimum, an Audit Committee and a Risk and Compliance Committee. 2. The committees referred to in Clause (1) of this Article shall include Board members and representatives of the Central Bank. The permanent committees may also include members possessing appropriate expertise and competence. 3. The Board may establish one or more committees from among its members to exercise certain competences vested in the Board, supervise the Company's business, or perform any other duties determined by the Board. 4. The Board may establish advisory committees or any other committees, as required, comprising members appointed by the Board. 5. The committees referred to in this Article shall be established in accordance with the procedures approved by the Board. Such procedures shall specify each committee's functions, terms, powers, and the manner in which the Board shall oversee its activities. 6. The committees referred to in this Article shall submit written reports to the Board on their procedures, findings, and recommendations with full transparency. The Board shall ensure proper oversight of the committees' activities to verify that they perform the duties assigned thereto.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 17 Chapter Four General Assembly of the Company

  23. 21

    Chapter Four General Assembly of the Company: General Assembly of the Company

    المادة 21

    Article (21) General Assembly 1. The Company shall have a General Assembly composed of all Shareholders, regardless of the number of Shares owned by each Shareholder. 2. Each Shareholder shall have a number of votes at the General Assembly equal to the number of Shares owned or represented thereby. 3. The General Assembly shall have the competence to consider and determine all matters relating to the Company, to the extent permitted by the Commercial Companies Law. 4. The Company shall notify the Central Bank of every General Assembly meeting, and the Central Bank may attend such meeting as an observer.

  24. 22

    Chapter Four General Assembly of the Company: General Assembly of the Company

    المادة 22

    Article (22) Annual General Assembly Meeting 1. The Annual General Assembly shall convene at least once during each fiscal year, within the first four (4) months following the end of the fiscal year, upon an invitation issued by the General Manager or the Board in accordance with Article (23) of these Articles of Association. 2. The Annual General Assembly shall consider and decide upon the following matters: a. Hearing the Board's report on the Company's activities and financial position during the relevant fiscal year, together with the Company's Auditor's report. b. Discussing and approving the balance sheet and the profit and loss account. c. Determining and approving the profits to be distributed to the Shareholders. d. Appointing the Company's Auditor and determining their remuneration. e. Any other matters falling within the competence of the General Assembly pursuant to these Articles of Association or the Commercial Companies Law.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 18 3. The Shareholders may convene the Annual General Assembly, participate in its deliberations, and vote on its resolutions by means of modern technology through remote attendance.

  25. 23

    المادة 23

    Article (23) Notice of General Assembly Meetings 1. Except for adjourned meetings, notice of a General Assembly meeting shall be given by a notice issued by the Chairman (the "Notice") at least twenty-one (21) days before the date of the meeting. 2. The Notice referred to in Clause (1) of this Article may be sent by email using the contact details maintained by the Company for the relevant Shareholder. The Notice shall specify the time, date, and venue of the meeting and the agenda to be considered. 3. The General Assembly shall not consider any matter not included in the agenda unless serious matters arise requiring discussion during the meeting. 4. Every Shareholder shall have the right to discuss the matters included on the agenda, and the Chairman shall answer any questions raised by any Shareholder, provided that doing so does not prejudice the interests of the Company. If the Shareholder considers the response to be inadequate, they shall have the right to refer the matter to the General Assembly. 5. The Company shall send a copy of the minutes of each General Assembly meeting to the Central Bank.

  26. 24

    المادة 24

    Article (24) Quorum and Voting 1. The quorum for a General Assembly meeting shall be satisfied by the attendance of one or more Shareholders representing not less than fifty percent (50%) of the Company's Capital, together with the attendance of a representative designated by the Central Bank as an observer, where the Central Bank elects to attend pursuant to Clause (4) of Article (21) of these Articles of Association.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 19 2. Where the legal quorum is not met at the time specified for any General Assembly meeting, the meeting shall be adjourned for a period of not less than five (5) days and not exceeding fifteen (15) days after the date fixed for the original meeting. The adjourned meeting shall be held at the same time and place and shall be deemed valid regardless of the number of Shareholders in attendance. 3. Resolutions of the General Assembly shall be valid only if adopted by a majority of the Shareholders present and/or represented at a duly convened meeting, and after obtaining the approval of the Central Bank. Chapter Five Accounting and Financial Matters of the Company

  27. 25

    Chapter Five Accounting and Financial Matters of the Company: Accounting and Financial Matters of the Company

    المادة 25

    Article (25) Fiscal Year 1. The Company's fiscal year shall commence on the first day of January and end on the thirty-first day of December of the same year. 2. The Company's first fiscal year shall commence on the date of the Company's registration in the Trade Register and shall end on the thirty-first day of December of the following year.

  28. 26

    Chapter Five Accounting and Financial Matters of the Company: Accounting and Financial Matters of the Company

    المادة 26

    Article (26) Accounts of the Company 1. The General Manager shall prepare and submit the Company's final accounts and annual balance sheet, duly audited by the Company's Auditor, within three (3) months from the end of each fiscal year of the Company. The financial statements shall be prepared in accordance with the International Accounting Standards Board (IASB) or the accounting standards applicable in the State. 2. The General Manager shall undertake the following: a. Prepare the balance sheet and the profit and loss account, presenting a true and fair view of the Company's financial position and its profits and losses, and submit the

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 20 same to the Annual General Assembly, after obtaining the approval of the Board, in accordance with the provisions of these Articles of Association, in respect of the period commencing from the date of the Company's registration with the competent authorities, or from the date of the previous balance sheet, as the case may be, provided that this shall be completed within a period not exceeding three (3) months from the end of the fiscal year. b. Sign each balance sheet and annex thereto the profit and loss account together with the report of the Company's Auditor, setting out any changes in the nature, scale, or profitability of the Company's business, or in its assets or liabilities, and specifying the amount (if any) that the General Manager recommends be appropriated for distribution as dividends, as well as the amount recommended to be allocated to the reserve accounts. 3. Any Shareholder shall, upon submitting a written request, be entitled to obtain, free of charge, a copy of the Company's latest audited accounts and the latest report of the Company's Auditor. 4. The Company shall appoint an external auditor for its accounts (the "Company's Auditor"), who shall be selected from among the auditors registered with and approved by the Ministry. The Company's Auditor shall be appointed or replaced, and its remuneration determined, by the General Assembly, subject to the provisions of Article (238) of the Commercial Companies Law. 5. The Company shall maintain its accounting records at its principal office for a period of not less than five (5) years from the end of the Company's fiscal year. The Company may retain electronic copies of any of its accounting records, documents, or other records, or preserve the same in any other form.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 21 Chapter Six Dissolution and Liquidation of the Company

  29. 27

    Chapter Six Dissolution and Liquidation of the Company: Dissolution and Liquidation of the Company

    المادة 27

    Article (27) Dissolution of the Company The Company shall be dissolved upon the occurrence of any of the following events: 1. The expiry of the Company's term, unless renewed in accordance with the provisions of these Articles of Association. 2. The adoption of a Special Resolution to terminate the Company's term or dissolve the Company, provided that the prior approval of the Central Bank has been obtained. 3. Any other grounds prescribed under the Commercial Companies Law.

  30. 28

    Chapter Six Dissolution and Liquidation of the Company: Dissolution and Liquidation of the Company

    المادة 28

    Article (28) Liquidation of the Company and Appointment of a Liquidator 1. Upon the dissolution of the Company, one or more liquidators shall be appointed by resolution of the General Assembly. In the event of the Company's liquidation, the provisions of the Commercial Companies Law governing liquidation shall apply, unless the Shareholders, with the approval of the Central Bank, resolve otherwise by written decision. 2. Upon the dissolution of the Company, the appointed liquidator shall be one of the audit offices licensed in the Emirate of Abu Dhabi and shall, by virtue of such appointment, be vested with all powers and authorities necessary to conduct the liquidation in accordance with the Commercial Companies Law or as determined by the Shareholders following the approval of the Central Bank. 3. Where the liquidation is ordered pursuant to a decision of the competent Federal Court, the court shall determine the manner in which the liquidation is to be conducted and appoint a liquidator. Upon such appointment, all powers and authorities of the Board shall cease.

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    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 22 Chapter Seven Final Provisions

  31. 29

    Chapter Seven Final Provisions: Final Provisions

    المادة 29

    Article (29) Dispute Resolution The Federal Court shall have jurisdiction over any dispute relating to these Articles of Association, or to their implementation or interpretation, or to any other matter arising therefrom, which is not resolved or settled amicably between the disputing Shareholders within thirty (30) days from the date on which such dispute arises.

  32. 30

    Chapter Seven Final Provisions: Final Provisions

    المادة 30

    Article (30) Shares Held by the Federal Government The approval of the Federal Government and the Central Bank shall be required in respect of any decision adopted by the Board or the General Assembly concerning any material matter relating to the Company, including the disposal of its assets in a manner affecting its ability to carry on its activities, its merger or dissolution, any change to its legal form, any increase or reduction of its Capital, or any transfer of ownership of its Shares. The Federal Government shall have the right to object to any decision adopted without first obtaining its approval and the prior approval of the Central Bank. Such objection shall result in the suspension of the effectiveness of the decision, which shall be rendered null and void unless subsequently approved by the Federal Government.

  33. 31

    المادة 31

    Article (31) Amendment of the Articles of Association No amendment may be made to these Articles of Association except pursuant to a Special Resolution of the General Assembly, after obtaining the approval of the Central Bank and the issuance of a resolution of the Cabinet.

    -- 22 of 25 --

    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 23 Schedule Annexed to Cabinet Resolution No. (102) of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company SN اسم املساهم Shareholder name عدد األسهم Number of shares نسبة امللكية Ownership percentage 1. الحكومة االتحادية 24,000,000 20% 2. FIRST ABU DHABI BANK P.J.S.C. ظبي األول ش.م.ع بنك أبو 21,755,589 18.130% 3. EMIRATES NBD BANK (P.J.S.C) بنك اإلمارات دبي الوطني (ش.م.ع) 13,355,689 11.130% 4. Abu Dhabi Commercial Bank PJSC ظبي التجاري ش.م.ع بنك أبو 10,463,301 8.719% 5. Dubai Islamic Bank PJSC بنك دبي اإلسالمي ش م ع 7,522,879 6.269% 6. Abu Dhabi Islamic Bank ظبي اإلسالمي مصرف أبو 6,136,604 5.114% 7. MASHREQBANK PSC بنك املشرق ش.م.ع 5,982,862 4.986% 8. Commercial Bank of Dubai PSC بنك دبي التجاري ش.م.ع 2,790,130 2.325% 9. THE NATIONAL BANK OF RAS AL KHAIMAH بنك رأس الخيمة الوطني 2,351,565 1.960% 10. National Bank of Fujairah PJSC بنك الفجيرة الوطني ش م ع 724,461 0.604% 11. Ajman Bank مصرف عجمان 402,371 0.335% 12. United Arab Bank P.J.S.C. البنك العربي املتحد ش.م.ع 231,345 0.193%

    -- 23 of 25 --

    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 24 SN اسم املساهم Shareholder name عدد األسهم Number of shares نسبة امللكية Ownership percentage 13. Commercial Bank International P.J.S.C. البنك التجاري الدولي ش.م.ع. 200,931 0.167% 14. Invest Bank PLC بنك االستثمارش. م. ع 82,273 0.068% 15. The National Insurance Company - Daman الشركة الوطنية للتأمين - ضمان 3,764,894 3.138% 16. Orient Insurance P.J.S.C. شركة أورينت للتأمين مساهمة عامة 3,660,400 3.051% 17. Sukoon Insurance PJSC سكون للتأمين ش م ع 1,909,540 1.591% 18. Liva Insurance B.S.C (c) ليفا للتأمين ش.م.ب (م) 1,018,139 0.848% 19. Emirates Insurance Company PJSC شركة اإلمارات للتأمين ش.م.ع 825,824 0.688% 20. Gulf Insurance Group (Gulf) B.S.C Closed Dubai Branch مجموعه الخليج للتأمين (الخليج) ش م ب مقفلة فرع دبي 411,873 0.343% 21. National General Insurance Company PJSC الشركة الوطنية للتأمينات العامة (شركة مساهمة عامة) 409,330 0.341% 22. Al Ansari Exchange LLC األنصاري للصر افة ذ.م.م 2,500,000 2.083% 23. Lulu International Exchange LLC العاملية للصر افة ذ م م لولو 6,000,000 5.000% 24. SHARAF EXCHANGE LLC شرف للصر افة ذ م م 3,000,000 2.5% 25. Khalil Al Fardan Exchange خليل الفردان للصر افة 500,000 0.417%

    -- 24 of 25 --

    Cabinet Resolution of 2026 Regarding the Adoption of the Articles of Association of the Financial Identity Company 25

    -- 25 of 25 --

ملاحظة: النص العربي لهذا التشريع هو النسخة المعتمدة رسمياً وفقاً لبوابة التشريعات الإماراتية الرسمية.

مواد هذا القانون(33)
  1. 1Article (1) The Articles of Association of the Financial Identity Company (Priva
  2. 1Article (1) Definitions For the purposes of implementing the provisions of these
  3. 2Article (2) This Resolution shall be published in the Official Gazette and shall
  4. 2Article (2) Rules of Interpretation 1. All references relating to time, dates, a
  5. 3Article (3) Incorporation of the Company 1. The Company is incorporated in accor
  6. 4Article (4) Name of the Company 1. The Company's name shall be "Financial Identi
  7. 5Article (5) Head Office The Company's head office and legal domicile shall be in
  8. 6Article (6) Term of the Company The term of the Company shall be fifty (50) year
  9. 7Article (7) Objects of the Company 1. The objects of the Company shall be as fol
  10. 8Article (8) Capital 1. The Company's capital shall be AED 120,000,000 (one hundr
  11. 9Article (9) Ownership of Shares 1. Ownership of the Capital shall be as follows:
  12. 10Article (10) Disposition of Shares 1. No Shareholder may dispose of any of its S
  13. 11Article (11) Registrar and Share Register 1. The Company shall appoint a Registr
  14. 12Article (12) Increase of Capital 1. Without prejudice to Clause (2) of Article (
  15. 13Article (13) Reduction of Capital Without prejudice to Clause (2) of Article (9)
  16. 14Article (14) Profits 1. The Board may propose allocating a portion of the Compan
  17. 15Article (15) Board 1. The management of the Company shall be vested in a Board c
  18. 16Article (16) Term of the Board 1. The term of office of the Board, including the
  19. 17Article (17) Chairman The Chairman shall be responsible for the following: 1. Pr
  20. 18Article (18) Board Meetings 1. The Board shall convene at least four (4) meeting
  21. 19Article (19) Competences of the Board 1. The Board shall have all competences an
  22. 20Article (20) Board Committees 1. The Board shall establish committees reporting
  23. 21Article (21) General Assembly 1. The Company shall have a General Assembly compo
  24. 22Article (22) Annual General Assembly Meeting 1. The Annual General Assembly shal
  25. 23Article (23) Notice of General Assembly Meetings 1. Except for adjourned meeting
  26. 24Article (24) Quorum and Voting 1. The quorum for a General Assembly meeting shal
  27. 25Article (25) Fiscal Year 1. The Company's fiscal year shall commence on the firs
  28. 26Article (26) Accounts of the Company 1. The General Manager shall prepare and su
  29. 27Article (27) Dissolution of the Company The Company shall be dissolved upon the
  30. 28Article (28) Liquidation of the Company and Appointment of a Liquidator 1. Upon
  31. 29Article (29) Dispute Resolution The Federal Court shall have jurisdiction over a
  32. 30Article (30) Shares Held by the Federal Government The approval of the Federal G
  33. 31Article (31) Amendment of the Articles of Association No amendment may be made t
اختصار للقراءة

اسأل LEXAI عن Cabinet Resolution No. (102) of 2026.

إجابات بلغة إنجليزية بسيطة، مع استشهاد يعود إلى المادة الدقيقة. استخدام مجاني، بدون تسجيل.

تقدّم LEXAI معلومات قانونية عامّة، لا استشارة قانونية. لحالتك المحدّدة، تواصل مع محامٍ معتمد في الإمارات.

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