Commercial Companies Law

Article 234 — Article (234) Profits of Bonds or Sukuk upon Conversion into Shares

Part Four: Public Joint Stock Companies · Chapter Five: Shares, Bonds and Sukuk

Shares received by the holders of bonds or Sukuk that have been converted into shares in the capital of the company shall have a share in the profits to be distributed for the fiscal year during which the conversion took place, unless the prospectus or issuance terms of such bonds or Sukuk provide otherwise.

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