About Albaidaq General Trading & Public Transport

In the field of general trade / contributing to the investment of capital in the field of general trade by importing and exporting goods and merchandise legally permitted in accordance with Trade Law No. 30 of 1984, taking into account the instructions and decisions issued pursuant thereto.

In the field of public transportation / contributing to the investment of capital in the field of public transportation through the transportation of goods, commodities and people via land transportation means inside and outside Iraq in a way that achieves the company's goals and purposes for the public interest of Iraq.

The company is subject to the provisions of the Public Transportation Law in practicing its activity and to developing this aspect of the national economy in accordance with development plans.

In order to achieve its purpose and activity, the company shall do the following:

• Owning or renting movable and immovable property and carrying out all legal transactions thereon for the purpose of implementing its activity.
• Owning immovable property and carrying out all legally permitted transactions
• Conducting all permitted financial transactions and dealing with all licensed banks
• Contributing to all companies, including establishment, purchase, sale and merger - except for joint-stock companies.
• To carry out all legally permitted activities in accordance with the needs of the company and the interests of shareholders, and in accordance with applicable laws.
• Carrying out cooling, heating, air conditioning and other electrical works.

The company owns a trademark that it deems appropriate to carry out its purposes:

• The right to purchase, mortgage and establish projects necessary to achieve the above-mentioned purposes for the account of the company A in the event that there is no longer a need for them and to sell them
• Purchasing and renting various means of transportation, machines, cranes, and related and complementary tools that fall within the scope of the company's purposes:
• To buy and sell securities on behalf of the company, conduct all transactions, conclude and sign all types of contracts, and enter into various types of undertakings, tenders and auctions with official and semi-official departments, as well as the public, mixed and private sectors and individuals in the private sector, whether alone or on its own account or in partnership with others or on behalf of others, as well as to carry out all actions it deems necessary to implement the purposes and under the conditions it deems appropriate.
• Participate with natural and legal persons in the manner it deems appropriate to achieve these purposes, including establishing companies, merging into them, purchasing their shares and borrowing bonds, and subscribing to them, taking into account the provisions of the laws in force in this regard.

The company has the right to open credits and current accounts with banks and to create, withdraw, accept or otherwise dispose of commercial papers, negotiable bonds and other financial papers, such as bills of exchange, transfers, bills of lading and others of any kind.

Borrowing from official bodies and banks, under the conditions it deems appropriate, whether in exchange for mortgaging the company's assets or Wellness from achieving its Electronic calculator.