According to the International standard’s financial report No. (27) “Ownership Control” shall be defined as giving the jurisdiction to control the financial and operational policies in order to accomplish the benefits of its activities.
The same standard states that “Ownership Control” should exist when the parent company owns directly or indirectly through affiliated companies, more than half of the total voting rights in the company with an exception of certain extraordinary situations, when it is proven that the asset does not present “Ownership Control”. “Ownership Control” is provided also when the parent company owns half from the total of voting rights of the company or less, under the following situations:

1. Prevalence of more than half of the voting rights due to the agreement with other investors.
2. The ability to control financial and operational policies for the company under a regulation or an agreement.
3. The ability to appoint or insulate the majority of the members of the board of directors or any other equivalent board.
4. The ability to obtain a majority of the votes in the meeting of the board of directors or any other equivalent board.