Common use of Directors’ Remuneration Clause in Contracts

Directors’ Remuneration. Directors’ remuneration has been computed in accordance with the Commercial Companies Law and as per the requirements of Capital Market Authority. Dividends on ordinary shares are recognised as a liability and deducted from equity when they are approved by the Company’s shareholders. The Company presents earnings per share (EPS) and net assets per share for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the period. Net assets per share is calculated by dividing the net assets attributable to ordinary shareholders of the Company by the number of ordinary shares outstanding during the period. Net assets for the purpose is defined as net equity.