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Building a business in Saudi Arabia is not as hard as one thinks

Saudi Arabia is a country teeming with business and investment opportunities. But, for those unfamiliar with the Kingdom’s legal structures, finding the right specialist to guide them through challenges and pitfalls is one of the key differentiators between success and failure. Before delving into the daily operation of the business, it is essential to understand the different ....

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Saudi Arabia's new corporate law supports family firms, SME investments: Official

Saudi Arabia's new corporate law supports family firms, SME investments: Official
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

Saudi Arabia , Ar Riya , Mohammed Elkuwaiz , Mohammed Al Suwayed , Ghassan Al Sulaiman , Saudi Companies Law , National Center , Family Enterprises , Solidarity Company , Capital Market Authority , Saudi Press Agency , Simple Partnership Company , Ministry Of Investment , Ministry Of Commerce , Middle East , Saudi Cabinet , Razeen Capital ,

Saudi Arabia's new corporate law supports family firms, SME investments: Official

RIYADH: The new Saudi Companies Law will play a pivotal role in providing an incubating and stimulating environment for investment, especially in family businesses and small and medium enterprises, according to the chairman of the National Center for Family Enterprises. The new law facilitates procedures and regulatory requirements to stimulate the business environment and ....

Saudi Arabia , Ar Riya , Ghassan Al Sulaiman , Simple Partnership Company , Saudi Companies Law , National Center , Ministry Of Commerce , Family Enterprises , Solidarity Company , Saudi Press Agency , Saudi Cabinet , Al Ahsa , Al Kharj , Khalij Times , Gulf News , Saudi Gazette , King Abdullah , Obs In Saudi , Work In Saudi Arabia , Hajj عرب نيوز ,

Responsibilities of board members

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Joint stock companies have an important and large role in the Saudi economy. As a result, the Kingdom has approved many laws and regulatory procedures to facilitate the process of controlling companies, in addition to severe penalties for noncompliance with laws and specialized procedures.
According to the first paragraph of Article 71 of the Saudi Companies Law, there are specific controls for licensing business and contracts that are made for the company’s account, that the member of the board of directors has a direct or indirect interest in it.
Today we will briefly go through these controls in addition to addressing the scope of the indirect interest of a member of the board of directors in such business and contracts. ....

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