Results 1-9 of 9
31 January 2019
In this report, which updates the report we published in October 2017, we highlight key trends and developments in financial technology (fintech) across 10 different MENA jurisdictions. Fintech continues to transform the delivery of financial services across the...
Foreign investors permitted to own 100% of companies operating in the wholesale and retail trading sectors in Saudi Arabia
27 July 2016
Saudi Arabia has approved and published the licensing conditions to permit foreign investors to own 100% of companies operating in the wholesale and retail trading sectors in Saudi Arabia. Following on from our earlier Client Briefing dated 10 September 2015,...
6 May 2016
This client briefing provides an explanation of the Saudi Capital Market Authority's three initiatives, announced on 3 May 2016, designed to improve international participation in the Saudi equity market and the settlement infrastructure of the Saudi Stock...
Saudi Arabian Ministry of Commerce and Industry (MOCI) issues new set of template constitutional documents for companies
20 March 2016
In accordance with Article 225 of the new Companies Law, these templates are for guidance only and will be applied by MOCI for new companies from the effective date of the new Law (ie 2 May 2016). This client alerter lists the new templates issued by MOCI...
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...
11 November 2015
The Saudi Arabian Council of Ministers has approved the long-awaited new Companies Law 1437H/2015G. The law will come into force within 150 days after publication in the Official Gazette, which is expected shortly. Regulations to implement the law will be issued...
Foreign manufacturers may soon be allowed to distribute their products in Saudi Arabia through wholly-owned subsidiaries
10 September 2015
On 5 September 2015, pursuant to a Royal Order, the government of Saudi Arabia announced that it would allow foreign investors to fully own wholesale and retail companies in Saudi Arabia. This is a major policy shift for the government, which until now has...
19 May 2015
On 4 May 2015, the CMA approved the final version of the rules (the Rules) that will govern the investment by Qualified Foreign Investors (QFIs) into shares listed on the Saudi Arabian Stock Exchange (Listed Shares), together with supplementary material that includes...
1 September 2011
The Saudi Minister of Labour recently announced that companies classified as 'red' would be penalised from 26 November 2011. Do you currently comply with the Nitaqat programme? The term "Saudization" refers to the various initiatives of the government...