Companies Law

Release Date:	1437-01-28
Release Tool:	Royal Decree
Issuance Instrument Number:	m/3
Validity:	Cancelled
Date of last amendment:	1439-07-25
Summary:	By AI King Salman bin Abdulaziz Al Saud approved the new Companies Law in the Kingdom, which excludes investment funds and special purpose entities. The law defines the company, its types, and the requirements for its establishment, emphasizing the necessity for companies to take a legal form to avoid personal liability. It addresses details regarding the contribution of partners, distribution of profits and losses, authentication of contracts, and procedures for establishing companies, including part...

Release Date:

1437-01-28

Release Tool:

Royal Decree

Issuance Instrument Number:

m/3

Validity:

Cancelled

Date of last amendment:

1439-07-25

Summary:

By AI

King Salman bin Abdulaziz Al Saud approved the new Companies Law in the Kingdom, which excludes investment funds and special purpose entities. The law defines the company, its types, and the requirements for its establishment, emphasizing the necessity for companies to take a legal form to avoid personal liability. It addresses details regarding the contribution of partners, distribution of profits and losses, authentication of contracts, and procedures for establishing companies, including part...