Jamtaa

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A jamtaa (Arabic: جمتع, IPA: [ʒæmtæʕ]; an abbreviation of جمعية تعاونية jamaʿiyah taʿawniyah) is a type of legal entity under Arab corporate law, broadly equivalent to the worker cooperative in Western counties. Unlike the privately held "limited company" (shamḥ) nor the multi-investor "startup-to-corporation" (jammaj), a jamtaa is owned by all natural persons it employs (its members), to the exclusion of all other parties. After taxation, all profits are divided equally between all members.

Further reading[edit | edit source]

Arab corporate law