Majlis to Debate Recapitalization of Listed Companies via Share Premium

The Majlis will debate a government-proposed bill based on which companies listed in the stock market can raise capital via share premium. 
Share premium is the difference in price between the par value, or face value of shares, and the total price a company received for recently-issued shares. 
Also called capital surplus, share premium cannot be used for distributing dividends or any other payouts and can only be used for whatever has been expressly laid out in the company's bylaws. A share premium account appears in the shareholders' equity section of the balance sheet.