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Royal Order No. (82241) introduces a limited exception allowing companies and individuals to challenge certain administrative violation decisions that became final solely due to the lapse of the statutory objection period. This time-sensitive opportunity requires objections to be submitted within sixty days and provides for suspension of enforcement during the review process.

Next month the old Saudi companies law (the Old Law) will be repealed and a long-awaited new companies law (the New Law) will take its place.

The Saudi General Authority for Competition's (GAC) has over the past years substantially increased enforcement of the Kingdom's antitrust and merger control rules.

In today's business environment, sustainability and stakeholder management are no longer optional—they are essential for long-term success.

GRI and IFRS Foundation unite to set a new standard in corporate sustainability reporting.

Both VC investment and the number of VC deals remained subdued in Q3'24, as many VC investors globally remained in a holding pattern given the current uncertainties still permeating the market...

In August 2023, Saudi Arabia took a significant step towards modernizing its commercial law by adopting the United Nations Convention on Contracts for the International Sale of Goods (CISG).

On or around 21 February 2025, the Minister of Commerce decreed and published into law, the Ultimate Beneficial Ownership Rules ("UBO Rules") of the Kingdom of Saudi Arabia ("KSA").

Background: The Minister of Commerce, has officially resolved to issue The Ultimate Beneficial Ownership Rules (the "UBO Rules"). The UBO Rules require all companies in KSA (unless exempted) to disclose.

In the evolving landscape of corporate sustainability, the value chain plays a critical role in determining a company's overall impact and success.

In February 2021, the government of the Kingdom of Saudi Arabia (the "KSA") announced that by 2024 it would cease doing business with international companies whose regional headquarters...

A promissory note is a written promise by one party (the Maker) to pay a specified sum of money to another party (the Payee) either on a future date or upon demand. In the Saudi Arabian jurisdiction, promissory notes are defined as commercial papers and are subject to the Negotiable Instruments Law, which is, in turn, based on Sharia-compliant legal principles

In the evolving landscape of corporate reporting, materiality has emerged as a cornerstone concept, particularly within the framework of the International Financial Reporting Standards Sustainability Disclosure Standards. IFRS S1 and S2 are pivotal standards that guide companies in disclosing sustainability-related financial information.

The new Saudi Arabian Companies Law, discussed in our November 2015 Commentary, came into effect on May 2, 2016.

A Saudi‑based company operating in the food production and agribusiness sector was experiencing capital structure pressure driven by liquidity constraints and misalignment between its financing arrangements...

The Kingdom of Saudi Arabia has a robust maritime industry that plays a crucial role in the country's economic development.

In February 2025, the Saudi General Authority for Competition (GAC) granted conditional approval for a transaction. This marks the third time that they imposed remedies, since the Kingdom's new merger control.