Ministry of Commerce calls on companies to adjust their status before the deadline expires on January 18

-0.07%

Tadawul All Shares Index

TASI.SA

12354.04

-0.07%

Riyadh - Mubasher: The Ministry of Commerce announced that there are only 20 days left of the deadline granted to companies to adjust their status, based on Royal Decree No. (M/132) dated 12/1/1443 AH, which stipulates that all existing companies upon the entry into force of the Companies Law (January 19, 2023 AD) must adjust their status in accordance with its provisions.

The Ministry called on companies to take the initiative to amend the articles of association/statute through the (Business Platform) of the Saudi Center for Economic Business, and to benefit from (the absence of a financial fee for publication) at the present time.

The Ministry explained that it will take legal measures against companies that do not comply with amending the articles of association/statute, in accordance with the provisions of the new Companies Law, after the deadline expires on January 18, 2025.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.