All the shares of the bank are nominative and kept with the main holders of share, Midclear Company sal evidencing the shares ownership , carrying out the operations of negotiating the shares and establishing the pledges and other rights are operated according to the scriptures of the bank.

The company's shares, which constitute the entire capital, shall be subscribed in full and the value of which must be paid in cash, at the Banque Du Liban. Nevertheless and subject to prior consent of Banque Du Liban a fractional part of the capital may be paid in kind by real estates deemed necessary for the company's exploitation according to the proportion determined by Article 132 of Money and Credit Law.

Upon subscription the bank shall receive a receipt from Banque Du Liban in which it appears the name of the subscriber, the number of the subscribed shares and the paid amount.

Subject to the conditions and restrictions stipulated by the laws and regulations and by the present memorandum of association, particularly the Article X thereof, any shareholder may transfer his shares to a third person who shall substitute him in his rights and obligations. The transfer of shares to a third party shall not be made unless the Chairman of the company is notified by a registered letter with acknowledgement of receipt of this transfer including the name, occupation and nationality of the transferee, the number of shares to be transferred and the par value of the shares. The board of Directors must inform all the shareholders of the contents of the letter within one month of the date of the notification of the transfer's project. The shareholders shall have the priority right to purchase the shares at the same par value agreed upon with the third party and within thirty days of the date of their notification. In case they did not exercise this right according to the determined par value and the fixed period the transfer shall be operative. Any shareholder may use his priority right of purchase according to the proportion of shares he holds. If any shareholder did not desire to exercise his priority right then his right shall be reverted to the other shareholders each as per the proportion of shares he holds. The transfer of shares to the heirs of a deceased shareholder shall not be subject to the right of priority. The transfer of shares shall not be final than after the consent of Banque du Liban. Subject to the provisions of the Law No.308 dated 3/4/2001 to which are governed all the shares transfer's operations, it is only sufficient to notify Banque Du Liban of the shares transfer through inheritance or through cession between husband and wife or between ascendants and descendants.

• The right to receive the dividends and subject to the provisions of Articles 10 and 13 of this memorandum of association, the right to transfer the share. The rights resulting from the share shall follow its owner anywhere.
• The right to deliberate and vote at any general meeting.
• The right to benefit from all resolutions issued by the General Meeting giving any privilege to the shareholders according to the provisions of these statutes.
• Subject to the conditions stipulated by the Article VIII of these statutes the right of priority in subscription in case of increasing the capital.
• The right of partaking of the company's assets upon its dissolution or liquidation.

• The right of laying the seizure or apposing the seals on the assets and documents of the company.
• The right of interfering in any manner in the management of the company, except as concerning the debates of the general assemblies.
• The right of asking the partition of the company's assets or its obligatory sale.

They have for the exercise of the rights related to them to refer to the company's inventories and to the General Assembly resolutions. The shareholder is liable only in the limit of the nominal value of each share. Any General Assembly cannot resolve the increase of his obligations. The simple ownership of the shares tacitly implies the respect of the company's statutes and the resolutions of the general assemblies duly issued.

The FNB capital is 156,000,000,000 L.L. (One hundred fifty six billion LBP) divided into 150,000 preferred shares and 15,450,000 nominative shares.