J2P International JSC
Dubai Digital Park
Our 1st representative in Europe is Ulrich Balke from the Public Money Association
Public Joint Stock Company (JSC)
The JSC is governed by Articles 105 to 254 of the Commercial Code. The shareholders are also liable only up to the amount of their contribution. The capital of the JSC is div
f the Commercial Code. The shareholders are also liable only up to the
ided into equal and tradable shares. The right to issue tradable shares, bonds and sukuks (Islamic bonds without interest) is reserved exclusively for the JSC and the PJSC (Art. 31 HGG). Some of the shares are to be subscribed by the founders, while the remaining shares are to be offered to the public for subscription (Art. 105 HGG). With the new HGG, only 30 (Art. 117 HGG), instead of 55 percent previously. Only the shares of a JSC may be publicly subscribed (Art. 32 HGG). The founding capital of a JSC amounts to 30 million dirhams, or about 7 million euros (Art. 193 HGG).