{"id":2082,"date":"2023-04-28T14:31:51","date_gmt":"2023-04-28T14:31:51","guid":{"rendered":"https:\/\/mediaverse-staging6691.website\/ghazzawilawfirm\/?p=2082"},"modified":"2025-05-20T17:58:34","modified_gmt":"2025-05-20T15:58:34","slug":"provisions-for-not-for-profit-companies-under-new-companies-law","status":"publish","type":"post","link":"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/provisions-for-not-for-profit-companies-under-new-companies-law\/","title":{"rendered":"Provisions for Not-For-Profit Companies Under New Companies Law"},"content":{"rendered":"<div class=\"et_pb_module et_pb_text et_pb_text_0 et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n<h3><span style=\"color: #000000;\">Explore our New Companies Law Series Below:<\/span><\/h3>\n<\/div>\n<\/div>\n<div class=\"et_pb_module et_pb_text et_pb_text_1 et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n\t\t<div data-elementor-type=\"container\" data-elementor-id=\"5320\" class=\"elementor elementor-5320\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c466f6a e-flex e-con-boxed e-con e-parent\" data-id=\"c466f6a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a1f691c unfoldedtextlinks elementor-widget elementor-widget-ucaddon_ue_unfold\" data-id=\"a1f691c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_ue_unfold.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start Unfold Content -->\n\t\t<link id='font-awesome-css' href='https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-content\/plugins\/unlimited-elements-for-elementor-premium\/assets_libraries\/font-awesome6\/fontawesome-all.min.css' type='text\/css' rel='stylesheet' >\n\t\t<link id='font-awesome-4-shim-css' href='https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-content\/plugins\/unlimited-elements-for-elementor-premium\/assets_libraries\/font-awesome6\/fontawesome-v4-shims.min.css' type='text\/css' rel='stylesheet' >\n\n<style>\/* widget: Unfold Content *\/\n\n#uc_ue_unfold_elementor_a1f691c{\n opacity: 0;\n transition: opacity .2s;\n}\n\n#uc_ue_unfold_elementor_a1f691c.ue-full-opacity{\n opacity: 1;\n}\n\n#uc_ue_unfold_elementor_a1f691c .unfold_wrapper{\n  max-height:100%;\n  width: 100%;\n}\n\n#uc_ue_unfold_elementor_a1f691c .unfold_card\n{\n  position: relative;\n  overflow:hidden;\n}\n\n#uc_ue_unfold_elementor_a1f691c .uf_overlayuc_ue_unfold_elementor_a1f691c{\n    position: absolute;\n    right: 0;\n    bottom: 0;\n    left: 0;\n    z-index: 1;\n    background: -moz-linear-gradient(0deg, #ffffff) 10%, rgba(255, 255, 255, 0) 100%);\n    background: -webkit-linear-gradient(0deg, #ffffff 10%, rgba(255, 255, 255, 0) 100%);\n    background: linear-gradient(0deg, #ffffff 10%, rgba(255, 255, 255, 0) 100%);\n}\n\n#uc_ue_unfold_elementor_a1f691c .ue-btn-wrap{\n        display: flex;   \n    position:relative;\n  z-index:2;\n}\n\n#uc_ue_unfold_elementor_a1f691c #button_uc_ue_unfold_elementor_a1f691c{\n    display: flex;\n    justify-content: center;\n    align-items: center;\n    cursor:pointer;\n    transition:0.3s;\n}\n\n.ue-btn-icon\n{\n  line-height:1em;\n}\n\n.ue-btn-icon svg\n{\n  height:1em;\n  width:1em;\n}\n\n#uc_ue_unfold_elementor_a1f691c .unfold_wrapper\n{\n  overflow:hidden;\n  transition:300ms;\n}\n\n#uf_overlayuc_ue_unfold_elementor_a1f691c\n{\n  transition:300ms;\n}\n\n#uc_ue_unfold_elementor_a1f691c .unfold_wrapper.ue-unfold-active #uf_overlayuc_ue_unfold_elementor_a1f691c\n{\n  height:0px;\n}\n\n#ue-icon-unfolded-uc_ue_unfold_elementor_a1f691c\n{\n  display:none;\n}\n\n#ue-text-unfolded-uc_ue_unfold_elementor_a1f691c\n{\n  display:none;\n}\n\n#uc_ue_unfold_elementor_a1f691c  button\n{\n  outline:none;\n}\n\n<\/style>\n\n<div id=\"uc_ue_unfold_elementor_a1f691c\" data-scroll-back=\"true\">\n<div class=\"unfold_card\">\n  <div class=\"unfold_wrapper\" id=\"unfold_wrapper_uc_ue_unfold_elementor_a1f691c\">\n    <div class=\"uf_overlayuc_ue_unfold_elementor_a1f691c uf_overlay\" id=\"uf_overlayuc_ue_unfold_elementor_a1f691c\"><\/div>\n                    <div class=\"ue-txt\"><ul>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/provisions-and-changes-for-businesses-under-new-saudi-arabia-companies-law\/\">About Saudi Arabia\u2019s New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/provisions-for-llcs-under-new-saudi-arabian-companies-law\/\">Provisions for LLCs under the New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/new-foreign-investment-guidelines-under-new-saudi-arabian-companies-law\/\">New Foreign Investment Guidelines Under New Saudi Arabian Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/regulatory-frameworks-of-companies-under-saudi-companies-law\/\">Regulatory Frameworks of Companies Under Saudi Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/provisions-for-professional-companies-under-new-saudi-arabian-companies-law\/\">Provisions for Professional Companies under the New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/provisions-for-joint-stock-companies-under-the-new-companies-law\/\">Provisions for Joint Stock Companies Under the New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/an-overview-of-simplified-joint-stock-companies\/\">Provisions for Simplified Joint Stock Companies Under the New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/provisions-for-not-for-profit-companies-under-new-companies-law\/\">Provisions for Not-For-Profit Companies Under New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/provisions-for-debt-instruments-financing-sukuk-under-new-companies-law\/\">Provisions for Debt Instruments &amp; Financing Sukuk Under New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/responsibilities-of-managers-under-new-companies-law\/\">Responsibilities of Managers Under New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/closure-of-companies-under-new-companies-law\/\">Closure of Companies Under New Companies Law<\/a><\/li>\n \t<li><a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/simplified-joint-stock-companies-versus-limited-liability-companies-under-new-law\/\">Simplified Joint Stock Companies versus Limited Liability Companies Under New Law<\/a><\/li>\n<\/ul><\/div>\n        <\/div>\n    <div class=\"ue-btn-wrap\" id=\"btn_wrapper btn_wrapper_uc_ue_unfold_elementor_a1f691c\"> \n     <a href=\"javascript:void(0)\" role=\"button\" class=\"ubfold_btn\" id=\"button_uc_ue_unfold_elementor_a1f691c\">\n        \n        <span id=\"ue-text-folded-uc_ue_unfold_elementor_a1f691c\">View All<\/span>\n        <span id=\"ue-text-unfolded-uc_ue_unfold_elementor_a1f691c\">View Less<\/span>\n       \n                 <span class=\"ue-btn-icon\" id=\"ue-icon-folded-uc_ue_unfold_elementor_a1f691c\"><i class='fas fa-angle-down'><\/i><\/span>\n          <span class=\"ue-btn-icon\" id=\"ue-icon-unfolded-uc_ue_unfold_elementor_a1f691c\"><i class='fas fa-angle-up'><\/i><\/span>\n              <\/a>\n   <\/div>\n\t\n<\/div>\n\n<\/div>\n<!-- end Unfold Content -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n<\/div>\n<\/div>\n<div class=\"et_pb_module et_pb_text et_pb_text_2 et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n<h3><span style=\"color: #000000;\">Provisions for Not-For-Profit Companies Under New Companies Law<\/span><\/h3>\n<\/div>\n<\/div>\n<div class=\"et_pb_module et_pb_text et_pb_text_3 et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n<p>The Not-for-Profit sector in the Kingdom of Saudi Arabia has great economic potential and is poised for rapid growth. In line with Vision 2030, Saudi Arabia set up a National Center for Non-Profit Sector in 2019 with the objective of developing the Non-Profit sector and achieving greater impact in the social and economic arenas through different means.<\/p>\n<p>With the enactment of the\u00a0<a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/regulatory-frameworks-of-companies-under-saudi-companies-law\/\"><strong>new Companies Law of 1443 H. (Law)<\/strong><\/a>\u00a0in Saudi Arabia, new provisions have been implemented for Not-for-Profit companies (NPC) in Saudi Arabia to help that the nature and objectives of NPCs are maintained through their existence and closure.<\/p>\n<p>In this downloadable PDF, we have created an easy-to-understand explanation of the different provisions that have been implemented for NPCs in Saudi Arabia. The PDF aims to provide a clear and easy-to-understand explanation of these provisions so that individuals and organizations interested in establishing or working with NPCs in Saudi Arabia can have a better understanding of the regulatory environment in which they operate.<\/p>\n<p>[Download the Provisions for Not-for-Profit Companies Guide (PDF)]<\/p>\n<p>To stay aware of these updates, we encourage you to\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/al-ghazzawi-professional-association\/\" target=\"_blank\" rel=\"noopener\"><strong>follow us on social media<\/strong><\/a>\u00a0to be informed of when they are posted. If you wish to discuss any of these changes or any impact this New Law may have on you and your business, please\u00a0<a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/contact-us\/\"><strong>reach out to us<\/strong><\/a>\u00a0for assistance.<\/p>\n<p><strong>AlGhazzawi &amp; Partners<\/strong><\/p>\n\t\t<div data-elementor-type=\"container\" data-elementor-id=\"5397\" class=\"elementor elementor-5397\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e3efb70 e-flex e-con-boxed e-con e-parent\" data-id=\"1e3efb70\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-594afdff e-con-full e-flex e-con e-child\" data-id=\"594afdff\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-72901d5a elementor-widget elementor-widget-heading\" data-id=\"72901d5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Download the Provisions for Not-For-Profit Companies Under New Companies Law PDF\n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1dd71132 elementor-widget elementor-widget-heading\" data-id=\"1dd71132\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Provisions for Not-For-Profit Companies Under New Companies Law\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1181b455 elementor-widget elementor-widget-heading\" data-id=\"1181b455\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Submit the form below to access the PDF guide\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1371be35 elementor-button-align-end elementor-widget elementor-widget-form\" data-id=\"1371be35\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"New Form\" aria-label=\"New Form\">\r\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"5397\"\/>\r\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"1371be35\"\/>\r\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"Insights AlGhazzawi &amp; 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In line with Vision 2030, Saudi Arabia set up a National Center for Non-Profit Sector in 2019 with the objective of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2085,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-2082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-companies-law"],"acf":[],"_links":{"self":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/posts\/2082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/comments?post=2082"}],"version-history":[{"count":0,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/posts\/2082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/media\/2085"}],"wp:attachment":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/media?parent=2082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/categories?post=2082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/tags?post=2082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}