Article (6)
1. The Company shall be in charge of the activities commensurate with its nature, including the following:
a. Provide the standard postal services, including letter post items including letters, cards, publications, printings in brail for blind people, small-volume parcels and advertising, and promotional addressed and non-addressed letters.
b. Provide services of parcels of all kinds according to Universal Postal Convention adopted by Universal Postal Union, including parcels that contain commodities, gifts, samples or other material which do not have the status of letters for the purpose of transportation or distribution thereof.
c. Exclusively provide services of private post office boxes.
d. Exclusively provide all kinds of post boxes, deposit boxes and pickup boxes (including e-post boxes) in places owned by UAE Government or any of its Emirates or by any third party only after their consent.
e. Provide international and local express mail and parcels services, (including door-to-door services).
f. Provide courier services including receiving from a sender and delivering to a receiver in their respective domiciles
g. Provide Transport, Storage and Logistics services for goods of all kind.
h. Provide customs clearance services for goods.
i. Provide Hybrid Mail services.
j. Exclusively make and install postal boxes; ordinary and electronic for individuals, corporations or any other entities within UAE.
k. Exclusively issue the UAE postage ordinary and commemorative stamps, stamp collector cards, postal financial printings and postal forms. The issued stamps are issued in classes based on the value of the postal services for which such stamps are issued.
l. Represent the government before the international and regional organizations involved in the activities and business of both the Company and its subsidiaries. The Company also maintains, guards and promotes the public’s post-related interests in the other post markets in cooperation and coordination with Ministry of Foreign Affairs and International Cooperation and the other ministries and competent authorities.
m. Appoint, make and enter into contracts, according to terms and conditions set out and controls imposed by the Company, with third parties to offer postal services provided by the Board.
n. Provide postal financial services including: postal money orders, postal cheques and parcels against payment, saving accounts, and credit by transfers or payment to the account of a third party, according to the Central Bank laws and regulations and other related laws, while all these transactions regulated and governed by the Central Bank.
o. Carry out transactions and operations, which include financial brokerage, monetary intermediation and money transfer according to the Central Bank laws and regulations and other related laws, while all these transactions regulated and governed by the Central Bank.
p. Provide all services and activities related to e-commerce.
q. Provide the Group's customers with all banking services according to the applicable laws and the Central Bank's directives and instructions.
r. Provide third party money collection and transport service (private and governmental entities, federal and local authorities, organizations and institutions) as agreed upon between the parties concerned.
s. Supervise, control, manage, operate, and support divisions, units and subsidiaries and assess their performance.
t. Invest the Company’s funds by itself or through companies and its divisions and subsidiaries, as per the provisions of these Articles.
u. Provide promotional and marketing services in accordance with the applicable laws.
v. Provide third party insurance services, subject to the regulations of the Insurance Authority.
w. Hold property rights and liens of trademarks related to the Company’s activities, drawings, industrial models and patents, as well as intellectual property rights. Such liens and property rights are also used and rented by the Company to the divisions, units or third party.
x. Establish, possess and/or acquire (fully or partially) companies working in the field of the Company and serving its objectives, inside or outside the Country, after obtaining the Authority approval.
y. Own the necessary lands and buildings to exercise its activities as well as commercially use and exploit said lands and buildings directly or through its Subsidiaries.
z. Perform any other activities or duties assigned by the Board in line with the nature of its activities
2. Within the limits of its objectives, the Company may invest or use its funds in any commercial, financial, services, or industrial fields as the Board may deem in conformity to the Company’s objectives and toward the realization of its objectives including the incorporation of companies with third parties in order to utilize the resources available to the Company and to diversify the means and sources of Company’s income and its development.
3. The Company may participate or collaborate, in any way, with other entities or companies practicing similar activities or may assist the Company in realizing its objectives inside or outside the Country. The Company may also takeover such entities or companies.
4. The above objectives and activities of the Company shall be interpreted without limitations and in its broadest meaning. The Company may realize the objectives and practice the activities mentioned herein, inside or outside the Country, directly or by establishing or holding shares in other companies. The Company may extend its activities and objectives, alter them and amend them in any way and from time to time by virtue of a special decision of its General Assembly and after obtaining the Authority approval in accordance with this Articles of Association.
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