المدونة

Family businesses are those owned by two or more family members, in which they have the right to manage and make decisions that aim to maintain their continuity and bequeath their business to successive generations. This type of company is characterized by an overlap between common investment interests and personal and family relationships.

Mining investment in Saudi Arabia consists of carrying out any operations on sediments through reconnaissance, detection, exploitation, treatment, purification, or any other activities related to the mining activity. A person who is qualified to engage in mining activity in a specified area

The Kingdom of Saudi Arabia has huge investment capabilities that enable it to look forward to a bright future, and one of the most important investment fields in which the Kingdom of Saudi Arabia is concerned is the industrial sector. Its vision for 2030

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...

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

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”.

What are family businesses: They are companies in which two or more family members participate and have ownership and the right to control management and decision-making. The center of power in it is represented largely in the owners rather than in the elements of management, linked not only by common investment interests, but also personal relationships, as it represents a dynamic unit linked by the family relationship in one way or another.

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 draft of the new corporate system in Saudi Arabia presents a package of amendments to the current provisions in addition to new provisions and concepts to make it more transparent and flexible, serving the needs of the business sector, enhancing the value of companies, developing their activities and contributing to the service of the national economy, in a way that enhances the Kingdom’s leadership position and its competitive advantages, and all this serves the Kingdom’s vision 2030.

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

Importing medical devices requires a number of legal procedures and official papers, and dealing with the competent authorities that allow sale within a legal framework in the Kingdom of Saudi Arabia. Therefore, dealing with an agent with broad knowledge of the laws of importing and licensing Saudi medical supplies must be done.

Inheritances in companies according to the Saudi Companies Law is one of the very important topics in all legislation and laws, and it is not limited to Saudi law only, and the Saudi legislator has singled out this issue specifically with very great importance in order to preserve the rights of people from loss...