المدونة

If the parties agree to reconcile before the circuit at any stage, even after the closing of pleadings or before the court before which the objection is made, this shall be recorded in the minutes of the session, and the parties shall sign it, and the president of the session shall approve it, and the approved minutes of the session shall be considered an executive document.

The investment policy of insurance companies means any document that governs the insurance company’s investment operations in the Kingdom and the methods through which it manages its investment portfolios.

The Capital Market Authority may specify one or more models for the articles of association for special purpose entities. If the Authority determines the models for the articles of association, these models may not be violated without obtaining prior written approval from the Authority.

Every shareholder has the right to attend public or private shareholder assemblies, participate in their deliberations, and vote on their decisions. In doing so, he may delegate another person other than a member of the Board of Directors on his behalf. The general assembly meeting may be held and the shareholder participates in the deliberations and votes on the decisions by means of modern technology.

The arbitration agreement is an agreement between two or more parties to refer to arbitration all or some specific disputes that have arisen or may arise between them regarding a specific legal relationship, whether contractual or non-contractual, whether the arbitration agreement is in the form of an arbitration clause contained in a contract. Or in the form of an independent arbitration charter.

Legal regulation increases the confidence of investors who wish to invest in the transportation sector in the Kingdom, and thus they look forward to increasing investments in this sector and developing it in appropriate ways, and since legal regulation of the activity of international passenger transport by buses is considered extremely important.

It should be noted that the court’s decisions and orders are final and not subject to objection, and all of its rulings are subject to objection before the competent administrative court of appeal, in accordance with the rules and procedures established for objection to administrative court rulings.

Also, the applicant must begin offering and issuing public fund units within twelve months from the date of the Authority’s decision to approve the application, or approve the application with the conditions and restrictions it deems appropriate. If the applicant does not do so within the specified period, the Authority’s approval will be considered void. .

Credit information companies are companies licensed to collect and preserve credit information about consumers, and to provide members with that information upon request. Members here mean the entities licensed and granting credit, whether the entity is from the public sector or the private sector, and which has a contract to exchange credit information with at least one company. Credit information.

Courts of appeal are responsible for reconsidering the rulings issued by the courts of first instance, after hearing the statements of the opponents in accordance with the procedures established in the Sharia Procedures System and the Criminal Procedures System. The jurisdiction of the Courts of Appeal is limited to adjudicating requests seeking reconsideration of the rulings issued by them.

Financial technology is considered a new concept in the world of financial industries to provide joint services between the financial and technical sectors, relying on innovations and updates in traditional financial methods and financial services, to facilitate the management of financial operations, investment services, and money management in companies.

The Kingdom is keen to bridge the growing gap between infrastructure spending and needs, by involving the private sector wherever possible, which would provide additional financial support, raise the level of competencies, and contribute to accelerating the completion of projects in cooperation and coordination with institutions with the public sector in the Kingdom. , which creates long-term value in financial investments and positive results for everyone.