In the event of conversion, every partner or shareholder will receive a number of shares or contributions in the company to which the conversion is made equal to the value of the shares or contributions which he/she had in the company prior to the conversion. If the conversion is to a limited liability company and the value of the partner’s contributions is less than the minimum value of the contribution in the company, the partner must pay the difference in cash within thirty (30) days of the date he/she has been notified failing which he/she will be considered to have withdrawn from the company and the value of his/her contribution shall be paid according to the market value at the date of the conversion.
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.