The SDC undertakes the task of authenticating a lien or the release of a lien upon deposited securities by virtue of Law as follows:

Lien of Deposited Securities

The SDC undertakes the responsibility of authenticating lien restrictions in its registers upon securities deposited at the SDC only. The issuer will remain responsible for placing lien restrictions or releasing such restrictions upon securities not deposited at the SDC. It is worth mentioning that the responsibility of the SDC is limited to execute lien on the deposited securities whereas the concerned issuer is responsible to execute lien on non-deposited securities and/ or stock dividends (if available) according to lien decision that is duly notified to issuer.

The SDC will authenticate the lien restriction after receiving the decision to impose the lien and after completing the ownership transfer of securities and ascertaining that the owner of securities subject to the lien is identified on the SDC database as owning the deposited securities. The decision to impose the lien must contain specific information and data related to the owner such as his full name, SDC No., nationality, mother's name and birth date. In addition to the number of securities that will be subject to the lien, the name of the issuer and the type of securities. In the event that the decision to impose the lien does not contain the required information, the SDC informs the entity that issued the lien decision of the procedures undertaken by the SDC.

If the decision to impose the lien does not clearly specify the securities subject to the lien, its type and the name of the issuer and the decision to impose the lien within a specified amount, the lien is imposed upon any securities owned by the owner and within the specified amount in accordance with the instructions issued by the SDC.

Release of Lien upon Deposited Securities

The SDC releases the lien restrictions upon receiving a decision to that effect from the competent authorities. However, the issuer (public shareholding company) is still responsible for releasing lien restrictions on the non-deposited securities and/or stock dividends (as the case may be) that are maintained at its registers and on its full responsibility.