President al-Assad issues law specifies some incentives related to companies’ transfer into joint-stock ones ...Syria

Damascus, SANA- Joint-stock companies play a significant role in developing the national economy, as they are one of the investment channels available for citizens through purchasing their shares and trading them in the stock market. These companies comply with strict corporate governance regulations that ensure effective management of their assets, close control over their operations, and high transparency in their financial statements. In an effort to encourage the transformation into that type of companies, President Bashar al-Assad issued Law No. 11 on the merger of companies and their transformation into joint-stock companies. The companies are entitled to merge in accordance with the p

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