An Issuer may apply for voluntary delisting in accordance with the following conditions and procedures: 1. The Issuer shall announce the Board of Directors recommendation of delisting from the Exchange and specifying the reasons for such a decision. 2. Notifying the Bondholders or Sukukholders required to be withdrawn, and the Authority and the Exchange by a written notification providing prior to the date stated for the withdrawal from the listing. Such notice shall include a clear and adequate explanation of the following: a. Its decision to delist. b. The intended date and time of the delisting. c. The nature of the events affecting the activities of the Issuer. d. Any other information the Authority may request. 3. Obtaining the approval of the Bondholders Association or Sukukholders Association to delist and submitting such approval to the Authority. 4. An Issuer shall obtain the Authority approval to delist. 5. Stating the date of delisting from the Exchange within a period than six months from the date of the Authority approval without suspension of trading during this period. 6. The Issuer or Obligor shall providing the Authority with an undertaking guaranteeing payment of any amounts or liabilities due from the Issuer or Obligor - as applicable - to all the relevant parties for the listing period. 7. Arranging with a Clearing Agency for payment of any liabilities on the company towards the Bondholders Association or Sukukholders Association including cash profits or returns.