Whoever practically participates in the procedures of establishment of a joint stock company with the intention of assuming responsibility therefor shall be deemed to be a founder of such joint stock company. Whoever signs the Constitutive Documents or provides a share in cash or in kind upon the company’s establishment shall particularly be deemed to be a founder. Whoever, other than the shareholders, carries out the preparation or review of the Constitutive Documents shall not be deemed to be a founder.
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.