Shares of the parent company shall be issued after the amendment is made, while shares of the new company shall be issued after the same is registered with the Competent Authority. A note shall be recorded in the commercial register indicating the amendment of the parent company's capital and confirming that the target company is registered in the commercial register based on prior approval of the Ministry or SCA, as the case may be.
Interpretation and application must be checked against the official text and current version.