{"id":2137,"date":"2023-02-13T15:33:26","date_gmt":"2023-02-13T15:33:26","guid":{"rendered":"https:\/\/mediaverse-staging6691.website\/ghazzawilawfirm\/?p=2137"},"modified":"2025-08-24T12:35:12","modified_gmt":"2025-08-24T10:35:12","slug":"provisions-and-changes-for-businesses-under-new-saudi-arabia-companies-law","status":"publish","type":"post","link":"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/provisions-and-changes-for-businesses-under-new-saudi-arabia-companies-law\/","title":{"rendered":"Provisions and Changes for Businesses Under New Saudi Arabia 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\t\t<div data-elementor-type=\"container\" data-elementor-id=\"5313\" class=\"elementor elementor-5313\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bbd38a8 e-flex e-con-boxed e-con e-parent\" data-id=\"bbd38a8\" 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-5cfc6e7 unfoldedtextlinks elementor-widget elementor-widget-ucaddon_ue_unfold\" data-id=\"5cfc6e7\" 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_5cfc6e7{\n opacity: 0;\n transition: opacity .2s;\n}\n\n#uc_ue_unfold_elementor_5cfc6e7.ue-full-opacity{\n opacity: 1;\n}\n\n#uc_ue_unfold_elementor_5cfc6e7 .unfold_wrapper{\n  max-height:100%;\n  width: 100%;\n}\n\n#uc_ue_unfold_elementor_5cfc6e7 .unfold_card\n{\n  position: relative;\n  overflow:hidden;\n}\n\n#uc_ue_unfold_elementor_5cfc6e7 .uf_overlayuc_ue_unfold_elementor_5cfc6e7{\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_5cfc6e7 .ue-btn-wrap{\n        display: flex;   \n    position:relative;\n  z-index:2;\n}\n\n#uc_ue_unfold_elementor_5cfc6e7 #button_uc_ue_unfold_elementor_5cfc6e7{\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_5cfc6e7 .unfold_wrapper\n{\n  overflow:hidden;\n  transition:300ms;\n}\n\n#uf_overlayuc_ue_unfold_elementor_5cfc6e7\n{\n  transition:300ms;\n}\n\n#uc_ue_unfold_elementor_5cfc6e7 .unfold_wrapper.ue-unfold-active #uf_overlayuc_ue_unfold_elementor_5cfc6e7\n{\n  height:0px;\n}\n\n#ue-icon-unfolded-uc_ue_unfold_elementor_5cfc6e7\n{\n  display:none;\n}\n\n#ue-text-unfolded-uc_ue_unfold_elementor_5cfc6e7\n{\n  display:none;\n}\n\n#uc_ue_unfold_elementor_5cfc6e7  button\n{\n  outline:none;\n}\n\n<\/style>\n\n<div id=\"uc_ue_unfold_elementor_5cfc6e7\" data-scroll-back=\"true\">\n<div class=\"unfold_card\">\n  <div class=\"unfold_wrapper\" id=\"unfold_wrapper_uc_ue_unfold_elementor_5cfc6e7\">\n    <div class=\"uf_overlayuc_ue_unfold_elementor_5cfc6e7 uf_overlay\" id=\"uf_overlayuc_ue_unfold_elementor_5cfc6e7\"><\/div>\n                    <div class=\"ue-txt\"><ul><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><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><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><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><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><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><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><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><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><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><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><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><\/ul><\/div>\n        <\/div>\n    <div class=\"ue-btn-wrap\" id=\"btn_wrapper btn_wrapper_uc_ue_unfold_elementor_5cfc6e7\"> \n     <a href=\"javascript:void(0)\" role=\"button\" class=\"ubfold_btn\" id=\"button_uc_ue_unfold_elementor_5cfc6e7\">\n        \n        <span id=\"ue-text-folded-uc_ue_unfold_elementor_5cfc6e7\">View All<\/span>\n        <span id=\"ue-text-unfolded-uc_ue_unfold_elementor_5cfc6e7\">View Less<\/span>\n       \n                 <span class=\"ue-btn-icon\" id=\"ue-icon-folded-uc_ue_unfold_elementor_5cfc6e7\"><i class='fas fa-angle-down'><\/i><\/span>\n          <span class=\"ue-btn-icon\" id=\"ue-icon-unfolded-uc_ue_unfold_elementor_5cfc6e7\"><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 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;\">About Saudi Arabia\u2019s 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 new Companies Law of 1443 H. (Law) in Saudi Arabia became effective last month and companies will be required to change their constitutional documents (Articles of Association, Articles of Incorporation).<\/p>\n<p>While the\u00a0<a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/insights\/regulatory-frameworks-of-companies-under-saudi-companies-law\/\"><strong>new law<\/strong><\/a>\u00a0has placed proper safeguards to protect the interests of all stakeholders, at the same time, it has enabled businesses and industries to structure their entities in the manner that suits their needs.\u00a0 The Law prescribes minimum requirements, yet it allows the partners and shareholders to adopt higher thresholds if they deem those percentages appropriate.<\/p>\n<p>Companies will be required to change their constitutional documents (Articles of Association, Articles of Incorporation) as several Articles in the existing constitutional documents may conflict with the provisions in the new Law.<\/p>\n<p>As the new Law has removed several restrictions with a view to provide flexibility to set up, finance, invest, and manage entities, businesses may determine their own specific requirements, priorities, future plans, risk factors, etc. and accordingly amend the provisions in the constitutional documents.<\/p>\n<p>Our team will be running a series of articles covering provisions for the different forms of companies as well as important aspects of the law that may be applicable to them.<\/p>\n<h3><span style=\"color: #053c76;\">Download the New Companies Law Guide<\/span><\/h3>\n<p>It is imperative for businesses to keep informed\u00a0<a href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/backupoldsite\/wp-content\/uploads\/2022\/10\/PDF-Cover-Shadow-1-e1666364170216.png\"><img decoding=\"async\" class=\"entered lazyloaded alignright wp-image-209599\" title=\"Provisions and Changes for Businesses Under New Saudi Arabia Companies Law 1\" src=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/backupoldsite\/wp-content\/uploads\/2022\/10\/PDF-Cover-Shadow-1-e1666364170216.png\" alt=\"PDF Cover Shadow 1 e1666364170216\" width=\"165\" height=\"199\" data-lazy-src=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-content\/uploads\/2022\/10\/PDF-Cover-Shadow-1-e1666364170216.png\" data-ll-status=\"loaded\" \/><\/a>about the changes to the Companies Law, and understand the differences between the provisions that apply to different company types. We encourage you to\u00a0<a class=\"css-1rn59kg\" title=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/download-our-guidance-pdf\/\" href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/download-our-guidance-pdf\/\" data-renderer-mark=\"true\"><strong>download our PDF guide<\/strong><\/a>\u00a0for further information on the updates to the new Companies law, details about the changes in practice between different company types, and assist you in operating in accordance with the law.<\/p>\n<p>To stay aware of these updates, we encourage you to\u00a0<a class=\"c-link\" href=\"https:\/\/www.linkedin.com\/company\/al-ghazzawi-professional-association\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/www.linkedin.com\/company\/al-ghazzawi-professional-association\/\" data-sk=\"tooltip_parent\"><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 your business, please\u00a0<strong><a class=\"c-link\" href=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/contact-us\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/marketing.ghazzawilawfirm.com\/test\/contact-us\/\" data-sk=\"tooltip_parent\">reach out to us<\/a><\/strong> for assistance.<\/p>\n<div class=\"et_pb_module et_pb_text et_pb_text_4 et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n<p><strong>AlGhazzawi &amp; Partners<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Explore our New Companies Law Series Below: About Saudi Arabia\u2019s New Companies Law The new Companies Law of 1443 H. (Law) in Saudi Arabia became effective last month and companies will be required to change their constitutional documents (Articles of Association, Articles of Incorporation). While the\u00a0new law\u00a0has placed proper safeguards to protect the interests of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2138,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-2137","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\/2137","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=2137"}],"version-history":[{"count":0,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/posts\/2137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/media\/2138"}],"wp:attachment":[{"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/media?parent=2137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/categories?post=2137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketing.ghazzawilawfirm.com\/test\/wp-json\/wp\/v2\/tags?post=2137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}