Listing Shares by Kuwaiti companies on any Exchange outside the State of Kuwait shall be meet by the following conditions: 1. Submitting a study specifying the objective of listing the company on the foreign Exchange and the requirements of the same, and its effect on the activity of the company, and the obligations of listing. The company shall also submit a brief of the technical study including the objectives of listing in the foreign Exchange, its privileges and anticipated risks, in addition to the procedures taken by the company to limit such risks. 2. The percentage of the Shares to be listed in the foreign Exchanges - throughout the period of listing- shall not exceed 40% of the company’s capital. 3. The company shall present a copy of the ordinary general assembly’s resolution approving the listing of its shares on a foreign Exchange. 4. The company shall provide an undertaking of not disclosing any information to the foreign Exchange before - or at the same time- disclosing the same to the Exchange in the State of Kuwait. 5. The company shall submit an undertaking to provide the Exchange in the State of Kuwait with all requirements and details related to disclosure in the foreign Exchange.