It is a legal act that comes as a result of control, and that control is achieved in one of two ways, either through the purchase of a number of shares, or through an agreement to form a majority controlling the company. Indirect, such as acquiring a company that owns more than half of the capital or voting rights in other companies listed in the financial market on a part of the company’s capital in Saudi Arabia, so that it gives control over the voting majority in the company, or he alone controls the majority of voting rights in company
Read MoreEach type of company in Saudi Arabia requires a management method that differs from the other, especially between money companies and people’s companies. Fund companies show the way they are managed and their articles of association, while people’s companies show the way they are managed by their articles of incorporation, and both of them follow the provisions laid down by the new Saudi Companies Law that cannot be violated. In order for the violators to avoid filing lawsuits against them for violating the applicable regulations, and from this point of view, the focus of this article will be on the provisions to be followed, whether by the partner or the shareholder when managing companies, with a statement of what may result from the violation of these provisions
Read MoreOn the impact of the importance of this type of company, we will present in this article some important points in the life of that company, highlighting the most important points, which are the obligations of the partners in the professional company in the Kingdom of Saudi Arabia.
Read MoreThe 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
Read MoreThe 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
Read MoreWhat 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
Read MoreThe 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
Read MoreComparison between the powers and procedures for holding ordinary and extraordinary general assemblies in companies in the Kingdom of Saudi Arabia.
Read MoreInheritances 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...
Read MoreThe Director between Powers and Responsibilities: An Analytical Study of the Saudi Companies System
Read MoreThe instructions for Saudi investment funds and direct financing consist within the framework of the permanent cooperation approach between the Capital Market Authority and the Central Bank of Saudi Arabia, which resulted in the signing of a memorandum of understanding related to the investment funds' practice of direct financing activity for the facility.
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