Companies Transactions to Be Suspended Without Utility Bill Clearance

To All Companies

Announcement

Greetings…

Based on the letter from the General Secretariat for the Council of Ministers, the National Data Center Directorate, No. (11815) on 01/04/2024, issued in implementation of the provisions of Article (18) of the Federal General Budget Law for the years (2023–2024–2025).

It is hereby decided that a proof of clearance for company shareholders and managing directors, including company premises’ settlement of water and electricity bills due to government agencies, shall be submitted by providing a receipt for the most recent bill payment. Failure to provide such proof will result in the suspension of any transaction processing starting from the upcoming week until a valid bill payment is provided.

We appreciate your cooperation.

Companies Registration Directorate

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