| Release Date: | 1443-12-01 |
|---|---|
| Release Tool: | Royal Decree |
| Issuance Instrument Number: | m/132 |
| Validity: | Valid |
| Summary: | By AI King Salman bin Abdulaziz Al Saud approved the new Companies Law in Saudi Arabia, which requires existing companies to adjust their status within two years. The law defines a company as a legal entity aimed at profit and includes types of companies such as partnerships and joint-stock companies, stipulating that they must be of Saudi nationality and based in the Kingdom. Establishing a company requires submitting an application to the commercial registry along with the necessary documents, and e... |