| Release Date: | 1446-01-16 |
|---|---|
| Release Tool: | Royal Decree |
| Issuance Instrument Number: | m/19 |
| Validity: | Valid |
| Summary: | By AI A royal decree was issued by Salman bin Abdulaziz Al Saud on 16/1/1446 AH, approving the new Investment Law in the Kingdom of Saudi Arabia. The decree states that the law shall not affect the rights acquired by investors prior to its enforcement, and designates the permanent ministerial committee as the competent authority to examine foreign investments. It also assigns the Ministry of Investment to prepare the regulation specific to the law in coordination with the relevant authorities.
The la... |