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Earlier this year, following a consultation period, the Capital Market Authority (CMA) issued the amended Market Conduct Regulations (MCR).

When it comes to business and the law, risk refers to the potential for liability. Businesses can face many different types of legal risks, from employment-related litigation to product liability.

Saudi Arabia has approved implementing regulations for its new Geographical Indications Protection System, establishing a framework for registering and protecting products whose quality or reputation is linked to specific geographical origins.

Companies in Saudi Arabia must disclose their Ultimate Beneficial Ownership (UBO) information at incorporation and confirm or update it when renewing their Commercial Registration. Failure to comply can result in penalties, including fines of up to SAR 500,000 for repeated violations.

The General Authority for Competition ("GAC") in Saudi Arabia recently announced fines totaling SR14.89 million against six companies and establishments operating in the car and goods transport sector.

Transparency in ownership structures has become A fundamental requirement of the modern investment landscape. Merely knowing the registered Shareholder of a company is no longer sufficient for regulators or financial institutions. With the increasing sophistication of money laundering methods and the concealment of the origin of illicit funds through companies and legal entities, many jurisdictions have moved towards requiring companies to disclose the Ultimate Beneficial Owner (“UBO”).

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.

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

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").

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

This collection showcases Ankura's latest insights spanning cryptocurrency enforcement, parcel shipping costs, sanctions compliance, cybersecurity threats, mortgage industry dynamics, healthcare labor challenges, AI governance in financial services, and business transformation strategies. Each piece examines critical operational and regulatory challenges facing organizations across multiple sectors, offering strategic perspectives on navigating complex business environments.

Due to the increasing number of business opportunities in the Kingdom of Saudi Arabia ("KSA"), many projects require smooth delivery practices to meet the project needs...

In the current era of unprecedented global change, businesses are navigating several geopolitical risks that can profoundly impact their operations and growth.

In view of the economic development, rising investments in Saudi Arabia, and global expansion across different industries and sectors...

In the fast-paced financial world, the battle against financial crime gets more urgent than ever. With criminals becoming increasingly sophisticated and new regulations emerging...

Saudi Arabia has spent the past decade building a digital backbone for public services.