Commercial Companies Law — Article 204 — Article (204) Capital Reduction
Part Four: Public Joint Stock Companies · Chapter Four: Capital of Public Joint Stock Company
The Capital of the Company may not be reduced without the prior consent of the SCA and the issuance of a Special Resolution after hearing the report of the auditor. The Capital may be reduced in either of the following cases:
1. If it exceeds the needs of the Company;
2. If the Company has incurred a loss that cannot be recouped through future profits.
Interpretation and application must be checked against the official text and current version.
