(A) to establish, maintain and operate local and international telegraphic, telephonic, telex, leased circuits and data networks; (B) to establish, maintain and operate TV transmission excluding production and broadcasting of programmes; (C) to administer, connect, hire and deal in telephonic services; (D) to plan, construct, and possess equipment and stations of transmitters and receivers related to Etisalat Corporation’s activity; (E) to offer consultancy and training services in the field of wire and wireless telecommunications; and (F) to prepare, publish, distribute and promote the telephone directory, commercial directory (yellow pages), bulletins, information and data and other matters related to the telecommunications activity or the services provided by Etisalat Corporation whether for the purpose of information, trade, publicity or any other purposes. (2) Etisalat Corporation may without prejudice to its basic objects, invest, utilize and employ its funds in any other commercial, financial or servicing fields which in the opinion of the Board shall enhance such funds or reap profits to Etisalat Corporation in accordance with the applicable rules in the State. (3) Etisalat Corporation may, for the purpose of achieving the objects provided for in this section: (A) conclude contracts and agreements, and (B) establish companies, enter into, or share in partnerships in accordance with the applicable rules in the State. Article (21) The Board shall, pursuant to the regulations issued by the Telecommunications Regulatory Authority, determine the charges for the services provided by Etisalat Corporation, controls and conditions for provision of such services and the formula and forms of contracts to be concluded with the beneficiaries. 38

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