the System of the Suez Canal Authority24 Mar 2016 1461 Views
Official Gazette – No. 18 Bis (B) on 6th May 2014 The Presidential Decision by the Law No.34 for the year 2014 of the System of the Suez Canal Authority system Regarding the amendment of some Provision for the Law No. 30 for the year 1975
The Temporary President
Upon review of the amended constitution promulgated on 18th January 2014; and
On the Law No. 30 for the year 1975 with the system of Suez Canal Authority promulgated by the Law No. 4 for the year 1998; and
Upon the acceptance of the Cabinet; and
Based on what has been sought by the Council of State;
The following Law:
The text of the first paragraph of Article (3) of Law No. 30 for the year 1975, regarding the Suez Canal Authority system, shall be replaced by the following text:
Article Three – First Paragraph:
A Decision from the President of the Republic shall be promulgated regarding the Suez Canal Authority which shall have a Board of Directors and regarding the appointment of its Chairman and his Vice, its members and the assigned members, as well as determining their salaries, bonuses, their release from their posts,
This Decision shall be published by a Law in the Official Gazette, and shall be applicable on the next day of its publication.
Promulgated by the Presidency of the Republic on 7th of Rajab year 1435 Hijri.
( corresponding to the 6th of May 2014 AD)