المدونة

The Capital Market Authority has the authority to regulate and develop the financial market and develop the methods of agencies and entities working in securities trading

An obligation is a legal bond between two parties that grants one party, the creditor, the right to demand a specific financial performance from the other party, the debtor. It is important to note that there are several sources of obligation as outlined by the Saudi Civil Transactions Law. Among these sources is a tort, as stated in Article 120 of the Civil Transactions Law, which holds that any wrongful act that causes harm to another obligates the perpetrator to compensate for the damage. Additionally, unjust enrichment is also considered a source of obligation in the Kingdom of Saudi Arabia.

The Kingdom of Saudi Arabia seeks to achieve the best economic system with international standards and specifications, which is why the Kingdom was keen to join the United Nations Convention on Contracts for the International Sale of Goods.

The first appearance of family companies took place in the sixties and seventies of the last century, during the era of political stability in the Kingdom of Saudi Arabia with King Abdulaziz Al Saud assuming the reins of power.

In many cases, you need to conclude contracts with other parties, especially if you work in the field of trade, contracting, industry, etc., and these contracts include an agreement between you and them to implement certain tasks, but you may think about how to preserve your rights and not be exposed to material damages as a result of negligence. Or delay in implementation, and here the role of the penalty clause is to compensate you for the material damage if you suffer. The following is an explanation of this system in some detail.

Benefits of Converting an Establishment into a Company in Saudi Arabia: Steps and Fees

The sales contract is considered one of the most important legal contracts in circulation, the provisions of which citizens in the Kingdom of Saudi Arabia must be well acquainted with

The Saudi financial market is considered one of the most important financial markets in the region, providing many investment opportunities for local and foreign investors

Through an integrated and comprehensive system, the Capital Market Authority is keen to ensure the integrity of investment and trading operations, protect investors’ rights, and create a good competitive environment. The Capital Market Authority embodies the Kingdom’s vision and ambition to achieve sustainable economic development.

The Kingdom of Saudi Arabia is witnessing great development and growth in many different economic sectors, and among these strong and important sectors we find the credit information sector.

One of the most prominent matters included in the Civil Transactions System is persons, as persons are divided into persons with a natural capacity and persons with a legal capacity. The articles of the Civil Transactions System also clarified the types of eligibility for a person with a natural capacity, which are as follows...

Various research shows that debt crowdfunding activity has a positive impact on the global economy in general, and debt crowdfunding facilities have become one of the popular options that many individuals and institutions turn to to meet their financial needs.