It has been almost a decade since various governmental authorities in the Kingdom of Saudi Arabia started their discussions in relation to the issuance of new regulations that govern commercial companies in the Kingdom. This article is an effort to give an overview of the current position of the proposed companies' law and expected changes. 

Since 2002, there have been discussions and deliberations to amend the current Saudi Companies Law, which was issued in 1965 (“SCL”) in order to take into consideration the continuous development in various fields of the Saudi business environment, such as: the accession of the Kingdom of Saudi Arabia to the World Trade Organization; establishment of the Saudi Arabian General Investment Authority (“SAGIA”), the Saudi Industrial Property Authority (“MODON”) and the Capital Market Authority (“CMA”).