(15) THE AGREEMENT OF THE ARAB CORPORATION FOR SPACE COMMUNICATIONS(Open to Signature on April 14, 1976, Enacted on July 16, 1976) THE GOVERNMENTS OF: The Hashemite Kingdom of Jordan The State of Bahrain The Democratic People's Republic of Algeria The Democratic Republic of Sudan The Democratic Republic of Somalia The Sultanate of Oman The State of Kuwait The Libyan Arab Republic The Kingdom of Morocco The Yemen Arab Republic Palestine The United Arab Emirates The Republic of Tunisia The Kingdom of Saudi Arabia The Syrian Arab Republic The Republic of Iraq The State of Qatar The Republic of Lebanon The Arab Republic of Egypt The Islamic Republic of Mauritania The Democratic People's Republic of Yemen DESIRING to establish an Arab Satellite network and to use an Arab satellite as a means of serving the purposes of communications, information, culture, education and any other services for which the above mentioned network could be utilized and towards the fulfilment of the objectives of the Arab League Charter, have sanctioned the following regulations: Article 1: Definitions Article 2: The Establishment of the Corporation Article 3: Objects and activities of the Corporation Article 4: Membership, Head Office and Main Control Station Article 5: The Capital of the Corporation Article 6: Subscription to the Capital of the Corporation Article 7: Raying the Value of Shares Article 8: Subscriber's Profits Article 9: The Organs of the Corporation Article 10: The General Body Article 11: Functions of the General Body Article 12: The Board of the Directors Article 13: The Functions of the Board of Directors Article 14: The Executive Body Article 15: The General Manager Article 16: Prerogatives and Immunities Article 17: Withdrawal Article 18: Amendment Article 19: Settlement of Disputes Article 20: Ratification Article 21: Reservation Article 22: Operation of this Agreement Article 23: Corporation's Relation with the League of the Arab States