Al Jazeera Tells its Story: In-Depth Studies

Article 21: The Corporation shall have a general reserve fund for which (10%) of the net profit shall be deducted annually until the balance becomes equal to the capital. 2 - The reserve stipulated in this Article may be increased to the extent and proportion determined by the Corporation, and approved by the Cabinet. 3 - Other reserves necessary for the achievement of the objectives of the Corporation may be created by means of a resolution of the Cab- inet based upon the proposal of the Board of Directors. 4 - The general reserve and other reserves may only be disposed of by means of a resolution of the Cabinet based upon the proposal of the Board of Directors. 5 - The remaining profits thereafter shall devolve to the State on an annual basis. Article 22: The financial resources of the Corporation shall consist of the fol- lowing: 1 - The funds allocated to it by the State 2 - Proceeds from the revenue generated by the Corporation from the exercise of its activities. 3 - The Corporation’s return on its share in the capital of compa- nies, establishments and facilities, it created, owned, contributed to, or which devolved to it by means of purchase or depreciation. 4 - The net profits that devolve to it in the form of reserves and allocations. 5 - Loans that it acquires. 6 - Gifts, bequests and donations.

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