المدونة

Perhaps one of the most established types of companies in Saudi Arabia is the solidarity company, and following the importance of this type of companies in Saudi Arabia, we will put in the hands of investors and entrepreneurs who want to establish this type of company the most important constitutive controls for it...

Holding companies in Saudi Arabia according to the new corporate system are joint stock companies or limited liability companies that establish companies or own stakes or shares in existing companies that become affiliated with them, where a unified policy is established for all their subsidiaries.

The contract is one of the most important sources of voluntary obligations, and it is defined as “an agreement between two or more persons to establish, modify or terminate a legal bond.” God Almighty has commanded the respect of contracts and the necessity of their fulfillment, as stated in the text of the verse “O you who believe, fulfill contracts” and these contracts Either they are civil, administrative or commercial contracts, and we will talk in this article about what commercial contracts are, their conditions and the most important types in the Saudi system, so follow us.

What is a simplified joint stock company? One of the 10 most important features of the new Saudi corporate system is the creation of a new form of companies under the name “Simplified Joint Stock Company” in line with the needs and requirements of entrepreneurship and the growth of venture capital, and this type of company has a statute and not a memorandum of association

The company shall enter if the period of liquidation has expired in accordance with the provisions of the law, and the partners, the general assembly, or the shareholders must take liquidation procedures, and the company shall retain the legal personality to the extent necessary for liquidation.

The new Saudi Companies Law has provided for the general reasons (i.e. applicable to all types of companies) that lead to the termination of companies, taking into account the reasons for expiration of each form of companies and the procedures to be followed, so according to the provisions of the system the company shall lapse

Holding Company: It is a joint stock company, a simplified joint stock company, or a limited liability company, characterized by some special principles to be described as a holding company. Subsidiary Company: It is the company that is subject to direct or indirect, continuous and stable financial control of another independent company “the Holding Company”.

The concept of corporate transformation in the new corporate system is changing the system that governs the company, whether it is accompanied by changing its form or not. A new legal capacity, and the company retains its rights and is responsible for its pre-transformation obligations

The development and diversity of crimes is always related to all the changes and developments in people’s lives in social, economic, and political relations and interactions, as the means of crime within the scope of commercial companies have taken on new dimensions and forms that may not be subject to criminalization according to the provisions of traditional penal laws. Drafting rules and legal texts regulating the framework of these commercial companies, whether in the administrative organization or the procedures to be followed in the establishment stage

What are closed joint stock companies in Saudi Arabia according to the new corporate system? Joint stock companies are divided into public joint stock companies and closed joint stock companies, as they are considered among the most important types of financial companies, and their capital is at least 500,000 riyals divided into shares of equal value and tradable, and the company is solely responsible for the debts and obligations incurred. to carry out its activities

The new Saudi corporate system was accurate and compatible with the transformations and development that our country is witnessing, and it addressed many of the shortcomings in the previous system, and was distinguished from its predecessor by flexibility and freedom from some exaggerated formal restrictions. Social

Comparison between the powers and procedures for holding ordinary and extraordinary general assemblies in companies in the Kingdom of Saudi Arabia.