المدونة

The Capital Market Authority in the Kingdom of Saudi Arabia issuing the Corporate Governance Regulations and all the amendments made thereto, as well as the rules for offering securities and continuing obligations.

The Corporate Governance Regulations issued by the Capital Market Authority are among the most important tools regulating companies in the Kingdom. This regulation sets out the rules and standards regulating company management to ensure adherence to the best corporate governance practices that ensure the protection of the rights of shareholders and stakeholders.

The Capital Market Authority has the authority to regulate and develop the financial market and develop the methods of agencies and entities working in securities trading

An obligation is a legal bond between two parties that grants one party, the creditor, the right to demand a specific financial performance from the other party, the debtor. It is important to note that there are several sources of obligation as outlined by the Saudi Civil Transactions Law. Among these sources is a tort, as stated in Article 120 of the Civil Transactions Law, which holds that any wrongful act that causes harm to another obligates the perpetrator to compensate for the damage. Additionally, unjust enrichment is also considered a source of obligation in the Kingdom of Saudi Arabia.

The Kingdom of Saudi Arabia seeks to achieve the best economic system with international standards and specifications, which is why the Kingdom was keen to join the United Nations Convention on Contracts for the International Sale of Goods.

The first appearance of family companies took place in the sixties and seventies of the last century, during the era of political stability in the Kingdom of Saudi Arabia with King Abdulaziz Al Saud assuming the reins of power.

There is no civilization in the country without it having a significant role in commercial operations, which means - since ancient times - the exchange of things, whether it is a good for a good, a good for money, a good for a service, a service for a good, and so on.

In many cases, you need to conclude contracts with other parties, especially if you work in the field of trade, contracting, industry, etc., and these contracts include an agreement between you and them to implement certain tasks, but you may think about how to preserve your rights and not be exposed to material damages as a result of negligence. Or delay in implementation, and here the role of the penalty clause is to compensate you for the material damage if you suffer. The following is an explanation of this system in some detail.

فوائد تحويل مؤسسة إلى شركة في السعودية: الخطوات والرسوم

The sales contract is considered one of the most important legal contracts in circulation, the provisions of which citizens in the Kingdom of Saudi Arabia must be well acquainted with

The Saudi financial market is considered one of the most important financial markets in the region, providing many investment opportunities for local and foreign investors

Through an integrated and comprehensive system, the Capital Market Authority is keen to ensure the integrity of investment and trading operations, protect investors’ rights, and create a good competitive environment. The Capital Market Authority embodies the Kingdom’s vision and ambition to achieve sustainable economic development.