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.
Interpretation and application must be checked against the official text and current version.
