The licensees or the affected parties are not entitled to claim any compensations for any damages that may result from the procedures adopted under provisions of article (84) of this law. Article (86) A- All licensees or the licensed to own and operate telecommunication networks or use radio waves shall reconcile their conditions with the provisions of this law and obtain the required licensees in accordance with the provisions of this law within a period of no more than one year after its effective date provided the new licensing contracts contain a detailed list of the fines and penalties contained in the law. B- From the date of enforcement of this law, CITRA shall be the legal successor of the Ministry of Communications or any other entities in all matters pertaining to regulation of the telecommunication and information technology sector, issuing licenses or permits to operate telecommunication networks or use radio frequencies and transfer to them the information and documents pertinent to licenses and effective permits. C-The Council of Ministers shall set the controls, foundations, and procedures necessary to transfer to CITRA the Regulatory Communications and Information Technology all financial and property assets, instruments/devices, equipment and registers related to the telecommunication and information technology sectors owned by the Ministry of Communications. Implementation of such controls and procedures shall be supervised by a Higher Committee to be chaired by the competent Minister and composed by decision to be issued by the Council of Ministers. Article (87) The capital of CITRA shall consist of the movable and immovable assets. The capital shall be fixed or adjusted by decree. A specialized independent entity selected by the Council of Ministers shall assess all the real estate and financial assets. The Implementing regulations shall regulate and organize the measures with which this entity shall comply in its work. It shall discharge its duty in the fixed timeframe in concluded contracts to be concluded therewith. The assessment shall be approved by the Council of Ministers after presentation thereof to the Audit Bureau. Article (88) A-The Board may, by upon approval of the Council of Ministers, create fund in CITRA to assure financial independence and shall have special account. B-The Fund aims at increasing the comprehensiveness of the telecommunication and information technology services in the State and contribution to expansion of infrastructure and development of such services in accordance with the actual needs of the demographic gathering areas. C-The Fund's financial resources shall consist of: 1-The funds allocated for it by the Council of Ministers resolution, from the proceeds provided under paragraph (a) of Article (12) of this law; 2-The support given to the Fund from the licensees in issuing and renewing licenses; 27