Registered company which has limited liability (the shareholders cannot lose more than their original shareholdings), and a minimum of two shareholders and a maximum of fifty. Shareholders cannot transfer their shares without the consent of other members, and shares cannot be offered to the public. A private limited company is treated as a legal entity.
The points of the star represent the first seven verses of the Koran. Red, black, white, and green became the pan-Arab colours. Effective date: 16 April 1928.