المدونة

During the past few days, one of the most important and most important systems that enhance the Kingdom’s economy entered into force and application, as on Thursday corresponding to 6/26/1444 AH corresponding to 1/19/2023 AD, the new companies’ system promulgated by Royal Decree No. (M / 132) on 1 12/1443 AH, it is worth talking about that the new corporate law came to enhance the regulatory environment for companies in the Kingdom

There are many important legal rules and procedures that the new Saudi corporate law left clarified to its executive regulations, and as soon as those executive regulations were announced, we wanted to highlight in this article all the legal features, procedures and rules that they included and that will be implemented from the date of entry into force of the new corporate law.

Law is considered part of the human sciences and even the most important science in those sciences, and science in itself is a set of organized knowledge, facts and concepts that have been validated in a correct scientific way.

The Kingdom of Saudi Arabia is working to lead the first centers in the investment field in the Middle East, especially among the Arab Gulf countries, and it is also working to be the main destination for investment and attracting investors.

Article Thirteen of the new Saudi Companies Law states that the partner’s share in the partnership company in Saudi Arabia may be in cash or in kind, or both. His share may not be due to his reputation or influence.

It is among the policies and strategies of the Kingdom of Saudi Arabia to reach sustainable development in accordance with its vision for the year 2030 AD, and to work keenly to improve all sectors and fields that enhance the economic growth of the Kingdom and improve and diversify per capita income sources.

The whole world is now moving to keep pace with technological changes and modern technology developments, which included all sectors and fields of daily life, and the Kingdom of Saudi Arabia is one of the Arab countries with the greatest interest in keeping pace with these modern technological developments.

Privatization is known as the transfer of government property and the services and business it provides to the private sector in whole or in part, in this case the government does not own the entity that has been privatized, and the main objective of this is to enhance the efficiency of the products or services provided.

Companies are considered one of the most important economic tools for individuals in the Kingdom of Saudi Arabia, where there was and still is interest in them and their development due to the foundations they provide for the development of the Saudi economy. One of the most important forms of investment that is frequently dealt with in the Kingdom is the establishment of companies in Saudi Arabia.

Joint-stock companies in the Kingdom of Saudi Arabia are among the most important economic and commercial entities that have the ability to enable investors to meet their needs by facilitating their investment in major projects, whether commercial, industrial or agricultural in Saudi Arabia.

The real estate sector is considered one of the most important investment sectors in the Kingdom of Saudi Arabia, in addition to the fact that the largest real estate market in the Arab region is located in Saudi Arabia. Saudi Arabia is also among the main axes of the Kingdom's vision for the year 2030 AD

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