Please define a public joint stock company and a private joint stock company. Is there any other type as well ?
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A public joint stock company is a method to allow thousands or millions of people to jointly own a business. The most important feature is limited liability.
A Private Joint Stock Company is defined as an organization whose capital is divided into negotiable shares of equal value and a partner therein shall be liable only to the extent of his share in the capital of the company, in accordance with the UAE's Commercial Companies Law (the 'Law”).
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