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The joint-stock company is solely responsible for the debts and obligations resulting from the exercise of its activity. A joint-stock company is created by a natural person, or by institutions and companies that have a legal personality. People in a joint-stock company are not called partners, but shareholders. The capital of the joint-stock company is tradable shares. The minimum limit for establishing a joint-stock company in Saudi commercial law is 500 thousand riyals.
And the shareholder's responsibility is limited to the value of the share he owns. We can say Phone Number Data that the responsibility of the shareholder in a joint-stock company is similar to the responsibility of a partner in a limited liability company, in other words, each of them is responsible for debts and obligations to the extent of the amount he contributed to the company’s capital only. There are two types of joint stock companies in Saudi commercial law: The first type is the public joint stock company: in which subscription is not limited to the founders, but extends to the general public of subscribers who accept the subscription conditions in accordance with the financial market system. In public joint stock companies, the shareholder cannot dispose of his shares himself.
This means that the buying and selling of shares in these companies is done through brokers and securities brokers licensed to do so. Also, the number of shares authorized to be sold in public joint stock companies is limited to a specific number that cannot be exceeded. In general, you can view the stocks available on the Saudi Stock Exchange through the official website of the stock trading market in Saudi Arabia . The second type is closed (or closed) joint stock companies: subscription is limited to the founding partners only. This type of joint stock company cannot be listed on the financial market once it is established and announced. Rather, it must first meet several conditions and rules to do so.
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發表於 2024-3-3 14:57:45