Prior to the new Civil Transactions Law of the Kingdom of Saudi Arabia (referred to as the “KSA Civil Code”), there were no detailed rules on termination (or faskh) at law in Saudi Arabia. As with other areas of Saudi law,...more
In our initial article in this series, we introduced the new Civil Code of the Kingdom of Saudi Arabia (referred to as the “KSA Civil Code”). This significant legislative milestone codifies the law governing the forming of a...more
On June 19, 2023, the Kingdom of Saudi Arabia enacted the Civil Transactions Law (the “KSA Civil Code” or the “Code”) promulgated by Royal Decree M/191 dated 18 June 2023 (Dhul-Qi’dah 29 1444 AH). The Code, which enters into...more
The new Competition Law (the "Competition Law") of the Kingdom of Saudi Arabia (the "Kingdom") was enacted by Royal Decree M/75 on 29/06/1440 Hijri (corresponding to 6 March 2019) and came into force on 24/01/1441 Hijri...more
As a result of the new economic realities brought about by reduced global oil prices and the resultant reduction in the oil export revenues of the Kingdom of Saudi Arabia, for so long the country’s economic lifeblood, there...more
12/5/2019
/ Complex Corporate Transactions ,
Economic Development ,
Energy Projects ,
Foreign Investment ,
Global Market ,
Investment Funds ,
Investment Opportunities ,
Oil & Gas ,
Public Private Partnerships (P3s) ,
Regulatory Standards ,
Saudi Arabia ,
Saudi Aramco
Since the introduction by the Capital Market Authority (the “CMA”) of the Kingdom of Saudi Arabia (the “Kingdom”) of the amended Merger and Acquisition Regulations (the “M&A Regulations”) there has been a distinct increase in...more
9/5/2019
/ Acquisitions ,
Capital Markets ,
Companies Law ,
Competition ,
Foreign Investment ,
Listing Rules ,
Mergers ,
Private Equity ,
Private Placements ,
Saudi Arabia ,
Shareholders ,
Venture Capital
CMA Announces New Rules for Ownership in Listed Companies by Foreign Strategic Investors -
As part of the Kingdom of Saudi Arabia’s efforts to regulate and develop the capital markets and to facilitate foreign investment,...more
7/24/2019
/ Acquisitions ,
Capital Markets Authority ,
Emerging Markets ,
Foreign Investment ,
Investor Protection ,
Listing Rules ,
Mergers ,
New Rules ,
Saudi Arabia ,
Saudi Stock Exchange ,
Stock Markets
This year has witnessed remarkable legal developments in the capital markets landscape of the Kingdom of Saudi Arabia. In particular, the Capital Market Authority of the Kingdom (“CMA”) approved the amended Rules for...more
As the third largest recipient of foreign direct investment in the region, not to mention its standing as the region’s largest economy, the Kingdom of Saudi Arabia is of significant interest to foreign investors, particularly...more
10/2/2016
/ Corporate Taxes ,
Exit Strategies ,
Foreign Corporations ,
Foreign Investment ,
International Labor Laws ,
Joint Stock Companies ,
Licensing Rules ,
Limited Liability Company (LLC) ,
MOCI ,
Popular ,
SAGIA ,
Saudi Arabia
Sector Profile -
Covering two million square km, the Kingdom of Saudi Arabia is the largest country by landmass in the Middle East and the 13th largest in the world. The Kingdom’s geology gives it an abundance of natural...more
On 6 June 2016, the “National Transformation Program 2020” was approved by the Saudi Cabinet. This caps a frenetic few months of activity in the Kingdom that began with the approval of “Saudi Vision 2030” at the end of April,...more