Joint Stock Company’s licensed capital is as follows:
The law stipulates that the licensed capital shall not exceed ten times the exported capital and is optional for the founders to provide for it in the company’s incorporation contract or not. If it is stipulated in the company’s contract, it is to facilitate the company when raising the exported capital. The increase shall be effected by a decision of the Board of Directors.
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.