المدونة

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...

The differences between the company and the institution According to the Saudi system, it is one of the most important questions that revolve in the minds of many entrepreneurs who own capital that they would like to make the best investment, as it is common knowledge among many that there are no big differences between the company and the institution in their business.

With the development of the legal work of companies and the many disputes, judicial clashes and legal problems and with the continuous updates of regulations and laws in light of a turbulent market in which rights are crumbling and competitors are looking for loopholes, there is no longer any doubt about the huge role played by the corporate lawyer in the world of investment and trade, so that his tasks cannot be enumerated. or count it.