The New Companies Law introduces several measures to enhance operational flexibility and streamline company restructuring.The law removes references to Sharia Law concerning dividend distribution, allowing shareholders to decide on annual or interim dividends based on distributable profits. This modernizes prof...
The New Companies Law:Coming into force January 2023, this comprehensive law governs all forms of entities, whether commercial, non-profit, or family-operated. It establishes a "best international practice" benchmark, providing clarity and consistency for businesses of all sizes. The Bankruptcy ...
The most recent and significant update on 10 December 2023 has been the issuance by the MHRSD of the amendments to the list of violations and penalties under the KSA Labor Law. Companies are categorised into classes in accordance with the number of ...
Additionally, there are special business forms tailored for foreign companies seeking to operate in the local market: ● Branch Office ● Representative Office Let us guide you through the process of registering yourcompany in Saudi Arabia, ensuring a smooth and compliant start to your business journ...
of 2023, according to Small and Medium Enterprises General Authority, also known as Monsha’at. More than 40,000 new companies were added to this in the third quarter. With this, the total number of small and medium enterprises (SMEs) exceeded 1.27 million in the third quarter of 2023. ...
Saudi Arabia’s new Investment Law 2024 A new Investment Law (Royal Decree No. M19/1446) looks set to bring in a new wave of investment into the Kingdom of Saudi Arabia, potentially offering wider opportunities for investors in domestic companies than ever before, with enhanced investor protect...
We anticipate that the New Law will come into effect on or around 1 January 2023, replacing the previous Companies Law issued pursuant to Royal Decree No. (M/3) dated 28/01/1437H (corresponding to 10/11/2015G) (the “Old Law”) and the Law of Professional Companies issued pursuan...
2025 10 most valuable car companies here are today's top 10 largest car companies by market capitalization, as electrification takes center stage. julie pinkerton jan. 23, 2025 bank stocks to buy for the dividends these bank stocks are all $50 billion or ...
“We already see signs of recovery — companies owning assets in Makkah are experiencing a rise in their share prices. This is very positive, and we anticipated this shift and planned accordingly,” he added. Ladun is also focused on localizing its workforce and increasing Saudi employment opport...
The General Authority for Competition imposed significant fines against two companies for failing to submit a merger control filing for an economic concentration that meets the notification thresholds. The fines come on the heels of a busy year that saw