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On August 11, 2024, the Kingdom of Saudi Arabia (the “Kingdom” or “Saudi Arabia”) issued the new Investment Law, pursuant to Royal Decree number M/19 (the “New Investment Law”), which is intended to replace the Foreign...more
The law, which took effect in June, impacts developers, investors, lenders, operators, and suppliers in the Saudi railway sector. As Saudi Arabia continues to make significant advances in urban development and mobility,...more
On August 11, 2024, the Kingdom of Saudi Arabia unveiled a new Investment Law, which repeals the existing Foreign Investment Law (“New Investment Law”) to enhance attraction of international investments and equality between...more
The Kingdom of Saudi Arabia (KSA or Kingdom) is a sovereign state located in the Middle East between the Red Sea and the Arabian Gulf (sometimes referred to as the Persian Gulf) and is one of the member states of the Gulf...more
On 28 June 2022, the Saudi Cabinet of Ministers approved the New Companies Law, and it was published in the official gazette (Umm Al Qura newspaper) on 4 July 2022 pursuant to Royal Decree No. (M/132) dated 01/12/1443H (the...more
The Saudi Arabian Monetary Authority ("SAMA") issued the SAMA Rules on Trade Repository Reporting & Risk Mitigation Requirements for Over-the-Counter ("OTC") Derivatives Contracts (the "Rules") in November 2019, replacing the...more
In recent years, Saudi Arabia has witnessed substantial growth in the production of primary, midstream, and downstream mineral and metals products catering to both local and export markets. Currently, as a part of the...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
Protection Against Inappropriate Behavior or Abuse at Work - New Legislation Enacted - Ministerial Resolution No. 20912, dated 02/02/1441, approving the protection controls against inappropriate behavior at work applies...more
The amendment, among other things, permits women over the age of 21 to obtain passports and travel abroad without the need to secure the permission of their “guardians,” and also seeks to create equality as between males and...more
New Legislation of Residence Permits (Known as “Iqamas”) New Legislation Enacted - The “Privileged Iqama” scheme was approved by the KSA Council of Ministers in May 2019 who subsequently published Cabinet Resolution...more
For the past few decades, the obligations of companies with losses reaching 50% or more of their share capital has been a topic of high debate in the Kingdom of Saudi Arabia. That is due to the uncertainty surrounding the...more
In a climate of falling oil prices and tightening government budgets, several states in the Gulf Cooperation Council region (GCC) are looking again at Public Private Partnerships (PPP) as one of several business models for...more