المدونة

Holding Company: It is a joint stock company, a simplified joint stock company, or a limited liability company, characterized by some special principles to be described as a holding company. Subsidiary Company: It is the company that is subject to direct or indirect, continuous and stable financial control of another independent company “the Holding Company”.

What are family businesses: They are companies in which two or more family members participate and have ownership and the right to control management and decision-making. The center of power in it is represented largely in the owners rather than in the elements of management, linked not only by common investment interests, but also personal relationships, as it represents a dynamic unit linked by the family relationship in one way or another.

A professional company is a civil company with an independent legal personality, established by one or more legally authorized persons to practice one or more free professions, or by them with others. A professional company has the capacity of a merchant according to his partnership or ownership of shares or shares in the company, and its purpose is to practice those professions.

The 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

The 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

What 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

The draft of the new corporate system in Saudi Arabia presents a package of amendments to the current provisions in addition to new provisions and concepts to make it more transparent and flexible, serving the needs of the business sector, enhancing the value of companies, developing their activities and contributing to the service of the national economy, in a way that enhances the Kingdom’s leadership position and its competitive advantages, and all this serves the Kingdom’s vision 2030.

The 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

The company’s board of directors invites shareholders to the general assembly, in order to raise and discuss issues related to the company’s affairs, exchange opinions, submit proposals and listen to them, and determine the company’s situation and future challenges. Therefore, the effective participation of shareholders in the general assembly will activate the roles that aim to integrate and strengthen the relationship

The Saudi legislator defined in Article Two of the Anti-Commercial Fraud Law that it is the attempt to deceive consumers and market pioneers by offering fraudulent products. Commercial fraud takes place in any of the following forms:

Debt settlement or debt reduction is a payment plan agreement concluded by the debt collector to accept an amount from the debtor less than the originally claimed balance, either in the form of a full payment or scheduled partial payments, meaning that debt settlement is by modifying the payment method and replacing old debts with new debts so that it includes This adjustment is the value of debts, their maturity date, their value and the maturity date together, as it depends on the skill of negotiation as a basic skill to complete this process.

The reasons for resorting to the administrative liquidation procedure according to the bankruptcy system are among the points stressed by the Saudi legislator and put for them many interpretations and articles regulating them, as the bankruptcy system in all its aspects is characterized by a kind of complexity. together.