Article (312)
i— Merger shall be effected in one of the following two methods:
1— Acquisition, which is winding up a company or more and transferring its patrimony to an existing company.
2— Consolidation, which is winding up two or more companies and incorporating a new one to which the patrimony of the merged companies shall be transferred.
ii— Each company shall pass a resolution of merging in accordance with the amendment procedures of its Memorandum and Articles of Association.
In all cases, merger shall not result in monopolizing an economic activity, a commodity or a certain product.