The capital of JSC is divided into shares of equal value and these shares are tradable.
Its capital is called exported capital. Its minimum capital is Pound250 thousand. There is no cap on capital.
10% of the value of the capital exported at the time of incorporation shall be repaid and 15% shall be paid within 3 months of incorporation. The rest shall be paid within a maximum period of five years from the date of incorporation. The value and date of payment shall be determined by the Board of Directors of the Company and shall be notified to the shareholders at least 15 days prior to its dissolution. (material or moral) and appreciated through the competent experts and the General Investment Authority (GIA) to be reassessed by a committee competent to it and its value must be fully performed both at the time of incorporation and when capital is increased.
They may also have licensed capital but must not exceed 10 times the capital exported.
For more in-depth details refer to Alwafi’s book in corporate law in theory and practice
Dr. Mahmoud Mostafa Abdullah.
Consultant. Ola Mostafa Abdullah.