New Saudi Commercial Companies Law: Important Changes and Reforms

New Saudi Commercial Companies Law

On June 28th, 2022, Saudi Arabia approved a new Commercial Companies Law, “New Law,” to enhance the country’s business environment. The law and its Executive Regulations entered into force on 19 January 2023, replacing the previous Saudi corporate law regime. The “New Law” was enacted by Cabinet Resolution No. 678, dated June 28, 2022, and… Continue reading New Saudi Commercial Companies Law: Important Changes and Reforms