The private joint stock company (PJSC) structure accommodates businesses seeking investment from the public marketplace within prudent regulatory oversight.
Key Features:
- Formed by minimum of two founding shareholders with partitioned capital into tradeable shares of equal value.
- Governance entails board of directors elected by shareholders who approve major decisions.
Example:
A successful family-run concrete supplier elevated to a PJSC enabled ambitious geographic expansion privately financing new plants across the northern Emirates.
Registration Benefits:
Officially establishing as a PJSC enhances firms’ access to capital markets and prospective alliance partners while strengthening status necessary for specific licensed commercial activities.