Article (7)

A SGF management committee shall be formed by the resolution of the CMA chairman to mange the fund and invest its proceeds as follows:

• Representative From the Capital Market Authority.
• Representative from the Stock Exchanges.
• Representative from custodian banks.
• Two representatives from MCSD.
• Two representatives from securities brokerage firms.

The MCSD shall undertake the role of the SGF management committee moderator and shall invite the SGF management committee for meeting and shall invite the SGF management committee for meeting

-The committee members shall serve for a tour of three years to be Renewed for other period or periods

Article (8)

SGF’ s fund may be invested in order to earn additional interest income in short-term debt instruments or government securities. At the end of each fiscal year, the proceeds shall be distributed to the SGF members’ accounts on a pro rata basis of each member’s cash contributions to the total contributions.

Article (9)

A contract is concluded between the member and MCSD indicating the rights and obligations of both the member and the fund, and the consequences of its violation, in addition to other issues related to clearing and settlement.

Article (10)

The delay charges shall be determined according to the attached appendix no (1).

Article (11)

SGF management committee shall undertake settlement of any dispute That may arise between MCSD and SGF member. The CMA shall undertake the settlement of any disputes that management committee Might be a part thereof.