2023 Saudi Companies Law

<p>The first full translation of the brand-new 2023 Saudi Companies Law. In June 2022 Saudi Arabia announced that it was enacting a Companies Law first proposed in August 2020. Issued by both the Ministry of Commerce and the Capital Markets Authority the new law takes effect in 2023. </p><p><br></p><p>When the Ministry of Commerce and the Capital Market Authority announced a new draft Companies Law those who work in the corporate space eagerly awaited the new law. </p><p><br></p><p>The new Companies Law streamlines corporate practice in the Kingdom. Company formation is easier and the creation of a simplified joint stock company increases access to Saudi capital markets. </p><p><br></p><p>This translation grants English-speakers access to this law. Join the law firms in Riyadh Jeddah and Saudi universitities that have all purchased copies both for themselves and their clients. </p><p><br></p><p>There is no similar book on the market today. Every lawyer corporate start-up consul- ting firm and company establishment service active in the Saudi market should keep a copy close by.</p>