On 28 June 2022, the Saudi Cabinet of Ministers approved the New Companies Law, and it was published in the official gazette (Umm Al Qura newspaper) on 4 July 2022 pursuant to Royal Decree No. (M/132) dated 01/12/1443H (the “New Law”). We anticipate that the New Law will ...
Saudi Arabia issued a newCompanies Lawon 4 July 2022, following approval by the Saudi Cabinet on 28 June 2022, replacing the previous law of 2016. It covers all types of company, whether commercial, professional or non‑profit. Under the new law, small or micro companies are exempted from...
New Saudi Companies Law ApprovedMarwan ElarabyDr. Sultan AlmasoudSanjarbek AbdukhalilovIain ElderBrendan Hundt
The PSP law, approved during a virtual session of the Cabinet on Tuesday, has been designed to increase private sector collaboration in infrastructure projects and public services by supporting public-private partnerships (PPPs) and the privatization of public sector assets. “The issuance of the KS...
On August 11, 2024, the Kingdom of Saudi Arabia unveiled a new Investment Law,1which repeals the existing Foreign Investment Law2(“New Investment Law”) to enhance attraction of international investments and equality between domestic and foreign investors. The New Investment Law will take effect...
The New Law permits the taking of security over a specified share of an indivisible asset. A security may be taken over a shareholder's ownership interest in the share capital of a limited liability company. Pursuant to the Saudi company regulations, the recourse of the security holder will, ...
The new Saudi Commercial Courts and Their Jurisdiction over Different Commercial Disputes: Do These new Courts have the Jurisdiction over all Traders' Disp... Although that the new Judiciary Law which was issued in 2007 and its Implementation Mechanism have a clear provision toward establishing the ...
Saudi Arabia has passed new legislation to help increase private sector involvement in the economy. On 16 March 2021 the Council of Ministers passed the Private Sector Participation Law, creating a better framework for both foreign and domestic investors
Saudi Public Investment Fund, Saudi Arabian Oil Company, Saudi Basic Industries Corporation, ACWA Power, and the Ajlan &Bros Holding Group. Representatives from the China-GCC (the Gulf Cooperation Council) joint investment commission also attended the meeting. urged Saudi companies to deepen their inv...
On 22 November 2022 Saudi Arabia approved Trade Remedies in International Trade (Trade Remedies Law), setting out provisions for anti-dumping, countervailing (anti-subsidy) and safeguard investigations, as well imposing trade remedies on imports.