المدونة

Corporate governance in the Kingdom of Saudi Arabia is one of the most important tools and processes used to manage companies and improve their workflow, as it is the decisive tool to confront administrative and financial corruption within the company. The company, as it is known and confirmed by the new Saudi corporate law, is a commercial legal entity.

The holding company in the Kingdom of Saudi Arabia is considered one of the most important types of companies included in the new Saudi Companies Law issued during this current year, which came within the advanced legislative packages issued by the Kingdom to strengthen the Saudi economy and to attract and attract more investments to its land. One of the distinguished forms established in the Kingdom

During the current year 2022 AD, the Kingdom of Saudi Arabia issued many very important regulations and legislations, in addition to developing many other systems in line with achieving the Kingdom's vision for the year 2030 AD, in terms of financial inclusion, sustainability, and diversification of sources of income more than it was, and among those issued regulations is the new Saudi Companies Law Which was approved by Cabinet Resolution No. 678 dated 11/29/1443 AH

Recently, we are witnessing companies resorting to expansion through organizational restructuring processes, which may be by transforming the company into another type of company, or by merging with another company, or by division or acquisition, with the aim of achieving growth, and acquisition is one of the most important methods of organizational restructuring For companies, where the company may work to increase its assets and activities that positively affect its value, and it also evaluates its shares and stakes in the financial market if they are listed in it.

One of the most important bodies established by the Kingdom of Saudi Arabia is the General Authority for Competition, which is one of its specializations for which it was established to implement the provisions of the competition law and its executive regulations, including spreading the culture of competition in media platforms and means of communication, to enhance awareness among the public and the business sector and enrich specialized knowledge, And carrying out procedures for investigation, research, gathering of evidence, investigation and public prosecution in anti-competitive practices

Through which fair competition is protected and encouraged, and monopolistic practices that affect legitimate competition or the interest of the consumer are combated and prevented, leading to the improvement of the market environment and the development of the national economy in the Kingdom of Saudi Arabia.

The new Saudi Companies Law is characterized by the fact that it includes several general chapters that deal with either the incorporation of companies in the Kingdom of Saudi Arabia and how to manage them, as well as the controls applied in cases of liquidation, merger, transformation and division.

The parallel market in the Kingdom of Saudi Arabia is considered the most important current financial market in the Kingdom, through which trading operations take place, such as buying and selling shares, but with more flexibility and simpler conditions than the main market. 2030, which emphasized the necessity of building an advanced and open financial market to the world

Acquisition of companies in general is a transaction that includes the sale and purchase of shares of a company whose shares are listed in the market by submitting an offer or a private sale and purchase transaction. As for the reverse acquisition, it means that the listed company offers new shares to the shareholders of an unlisted company instead of their shares, so that these new shares represent More than 50% of the shares of the listed company with voting rights after the acquisition

The Saudi Capital Market Authority was keen to protect investors from unfair and improper practices that involve fraud, deception, cheating, manipulation, or trading based on inside information, so the Authority issued the regulations, rules, and instructions necessary to implement the provisions of the financial market system with the aim of providing the appropriate climate for investment in The market, and increasing confidence in it, and among those regulations issued by the Authority, which is considered one of the most important regulations related to real estate investment, is the Real Estate Investment Funds Regulations

Governance works on the sustainability of companies, creates more internal investments in a safe economic environment and attracts foreign investments, which contributes to the exchange of benefits and experiences, and improves the process of competition and visibility in regional and global markets, and this in turn leads to institutional development in the country and achieving the development vision it aims for. Kingdom vision...

The Central Bank of Saudi Arabia, through its powers and competencies in the credit information sector, seeks to achieve many goals, such as taking the necessary measures to maintain the integrity and stability of the credit information sector, following developments and developments in the field of credit information and taking the necessary measures, as well as continuous verification of the commitment of credit information companies in dealing with consumers. With fairness, honesty and fairness in all stages of the relationship...