Corporate · Legal glossary
Joint-stock companyIn Arabic: شركة المساهمة
Definition
A company whose capital is divided into tradable shares, with each shareholder liable only up to the value of their shares. It may be public, offering its shares for public subscription, or private, and the conditions for each differ by state.
How it varies across the GCC
Public/private forms vary.
The rules that apply to a specific matter depend on the state, any free zone involved and the current text of the law, so check the official source before relying on them.