Commercial Companies Law

Article 117 — Article (117) Founders' Contribution to the Company's Capital

Part Four: Public Joint Stock Companies · Chapter One: Definition and Incorporation of the Public Joint Company and its

1 .The Founders shall subscribe for shares of the company's issued capital to the extent of the ratio described in the Prospectus, before offering the remaining shares of the company at a public offering, subject to the requirements of the SCA in this regard. 2. The founders may not subscribe for shares offered for sale at a public offering.

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