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Article (49) Establishment of Companies and Commercial or Financial Institutions

Fed Law 14/2018 Issued on 1/10/2018

The Central Bank may, for the purpose of achieving its objectives and discharging its functions, as per provisions of Article 4 of this decretal law, establish, or partner with any other agency in establishing companies and commercial or financial institutions, or for any specific purpose, inside the State or in other jurisdictions, and may carry on any commercial activity, own moveable and immoveable property, as per the regulations issued by the Board of Directors