1. Upon approval of the conversion resolution by the Ministry or the SCA, as applicable, and the Competent Authority, the Registrar shall be informed to update the records accordingly. 2. The Competent Authority shall record the Company in the commercial register and issue a business license according to the new form of the Company. The conversion shall be effective of the date of issuance of the business license.
Interpretation and application must be checked against the official text and current version.