Subject to the restrictions prescribed by law or the provisions set forth in the Constitutive Documents, each shareholder of the company shall be entitled to dispose of his/her shares whether for a consideration or not, to any shareholder of the company or to a third party by an official instrument in writing. Such disposal shall not be raised as a defence against the company or a third party except from the date of its registration with the Registrar and after publication thereof in accordance with the provisions of this Law. In all circumstances, the disposal shall not result in an increase of the maximum number of shareholders.
This site currently publishes a verified part of the instrument; the remaining provisions continue to exist and apply independently of their absence from this corpus. Interpretation and application must be checked against the official Arabic text and the current version.