HKMB Hong Kong Means Business

Hong Kong Means Business Hong Kong Means Business
  • Login / Register

Languages

  • EN
  • 繁
  • 简
  • Events
  • My Feed
  • Contact HKTDC
  • Subscribe
  • Subscribe

Section Menu

  • Market Opportunities
  • Tech & Innovation
  • Entrepreneurship
  • Sustainability
  • Creativity & Lifestyle
  • HKTDC Updates
  • Featured Topics

Languages

  • EN
  • 繁
  • 简
  • HKTDC.com |
  • About HKTDC |
  • My HKTDC |
  • Login / Register |

HKTDC.com About HKTDC My HKTDC

Login Register

Hong Kong Means Business

Section Menu

  • Market Opportunities
  • Tech & Innovation
  • Entrepreneurship
  • Sustainability
  • Creativity & Lifestyle
  • HKTDC Updates
  • Featured Topics

https://origin.hkmb.hktdc.com/en/MTEyNDEwMDg2MQ

hktdc research
SAVE FOR LATER
SHARE / SEND

"Scan QR Code" in WeChat and tap "..." to share.

SAUDI ARABIA: New Companies Law to Promote Investment and SMEs

25 July 2022



Saudi Arabia issued a new Companies Law on 4 July 2022, following approval by the Saudi Cabinet on 28 June 2022, replacing the previous law of 2016. It covers all types of company, whether commercial, professional or non-profit. Under the new law, small or micro companies are exempted from audit requirements, while entrepreneurs are allowed to create a family charter to operate. The new law permits the issuance of various types of shares in a range of categories, with varying rights, restrictions and privileges. Also permitted is the distribution of profits temporarily or yearly, while ensuring the company’s creditors obtain their rights.

Significantly, the new legislation now allows a new form of company called a Simplified Joint Stock Company, which aims to meet the needs of entrepreneurs and attract venture capital. The new variant will also serve as an investment arm for non-profit firms, enabling them to generate returns and finance non-profit projects. Several restrictions in the usual incorporation, practice and exit phases, as well as restrictions related to company names have been removed.

BACK TO TOP ^
    Topics:
  • Finance & Investment,
  • Middle East,
  • Saudi Arabia,
  • foreign investment,
  • SIMPLIFIED JOINT STOCK COMPANY
  • Finance & Investment
  • Middle East
  • Saudi Arabia
Home

Article Topics

ARTICLE TOPICS

FINANCE & INVESTMENT24664
MIDDLE EAST36080
SAUDI ARABIA36092
FOREIGN INVESTMENT81876
SIMPLIFIED JOINT...151902

ARTICLE TOPICS

FINANCE & INVESTMENT24664
MIDDLE EAST36080
SAUDI ARABIA36092
FOREIGN INVESTMENT81876
SIMPLIFIED JOINT STOCK COMPANY151902

interest_article

YOU MAY BE INTERESTED IN

02 February 2023

Visitors flock to physical events

18 October 2022

GBA businesses bullish on Asia

29 March 2022

Healthcare goes digital

07 September 2022

SMEs take a greener path

Related Events

RELATED EVENTS

19 - 21 April 2023

Asian Licensing Conference 2023

19 - 21 April 2023

HKTDC Hong Kong International Licensing Show 2023

26 - 29 October 2023

Eco Expo Asia 2023 (Physical Fair)

26 October - 6 November 2023

Eco Expo Asia 2023 (Click2Match)
FIND AN EVENT

Social Share

FOLLOW US

GET WEEKLY UPDATES

newpaper-img

GET OUR WEEKLY EMAIL UPDATES

banner-img


I acknowledge that the above information may be used by the Hong Kong Trade Development Council (HKTDC) for incorporation in all or any of its database for direct marketing or business matching purpose (and may therefore become available to the public within and/or outside of Hong Kong for use by them), and for any other purposes as stated in the Privacy Policy Statement; I confirm that I have the consent and the authority of each individual named in this form to release their personal data for the purposes stated herein.


*For non-EU/EEA customers, please skip this box which is solely for EU/EEA customers as required by the relevant data protection law in the EU.

THANK YOU

Thank you for registering.

SHARE THIS STORY

EMAIL
LINKEDIN
WeChat
FACEBOOK
TWITTER
WHATSAPP

ID: HKTDCofficial

Don't have an account?

Create An Account

successfully added on your preferences.