1— To formulate the general policies and strategies of the Exchange.

2— To issue the regulatory rules for trading in securities, and to set forth rules, procedures and regulations governing the issuing, listing and trading of debt instruments, and determine the prescribed fees.

3— To nominate the Director of the Exchange, whose appointment and remuneration shall be determined by a resolution of the Prime Minister.

4— To consider applications for the registration of brokers and market makers, and listing of joint stock companies shares, or approving the trading of any other securities on the Exchange, in accordance with the conditions stipulated by the Board in accordance with a resolution to be issued by the Minister.

5— To approve the Exchange's budget and final accounts.

6— To appoint the auditors.

7— To take the necessary action in respect of transactions suspected of being irregular, in accordance with the provisions of the Law, the Internal Regulation and resolutions of the Exchange.

8— To temporarily suspend trading on the shares of one or more companies, on the occurrence of any exceptional circumstances which threaten the proper conduct and control of the business of the Exchange.

9— To form specialized committees from members of the Board, whether permanent or on a temporary basis, as the Board deems fit.

10— To prepare drafts of laws and regulations relating to the business of the Exchange, and determines its objectives.

11— To approve the instructions issued by the Director, with respect to the organization of the Exchange and the management of its affairs.

12— To determine the transport and travel allowances for the members of the Board when they are assigned for missions related to the Exchange's business.

13— To appoint advisors to the Exchange, and fix their terms of service. The Board may delegate this authority to the Director.

14— To approve the appointment of the Exchange's employees, as nominated by the Director.

15— To determine the working hours and trading days at the Exchange's Trading Floor, according to the circumstances.

16— To determine, increase or decrease the brokers' commissions, in accordance with the requirements of the Exchange and the nature of work. Such commissions shall be adopted by a resolution from the Minister.

17— To impose fines on members defaulting members of the Exchange and on listed and unlisted companies as well.

18— To determine the sources of the Exchange's income.

19— Any other important matters, in order to ensure the Exchange's business is conducted in a proper manner for the realization of its objectives.