21 December 2015
More than a decade in the making, the new Saudi Companies Law will come into force on 2 May 2016. Its provisions will significantly impact the governance of Saudi companies, as well as how new companies will be established. It also presents new opportunities for corporate restructuring, such as via the introduction of single shareholder companies, in ways not previously possible.
This briefing provides an overview of the key changes introduced by the New Law and focuses in particular on the provisions applicable to joint stock companies (JSCs) and limited liability companies (LLCs), which are the most commonly-used corporate vehicles in the Saudi market for both our local and foreign clients.