Saudi Arabia Cabinet Decision No. 678/1443 On the Approval of the Companies Law

Companies Law

Abrogates

The Companies Law promulgated by Saudi Arabia Royal Decree No. M3/1437 dated 28/1/1437 H.

The Professional Companies Law promulgated by Saudi Arabia Royal Decree No. M17/1441 dated 26/1/1441 H.

The Council of Ministers

After perusal of the official document provided by the Royal Court No. 71964 dated 18/11/1443 H., comprising the Letter of His Excellency the Minister of Commerce No. 22315 dated 24/07/1442 H., concerning the draft companies law.

After perusal of the aforementioned draft law.

After perusal of the Companies Law promulgated by Saudi Arabia Royal Decree No. M3/1437 dated 28/01/1437 H.

After perusal of the Professional Companies Law promulgated by Saudi Arabia Royal Decree No. M17/1441 dated 26/01/1441 H.

After examining Memorandums No. (1721) dated 30/07/1443 H., No. (2219) dated 27/09/1443 H. and No. (2706) dated 28/11/1443 H. prepared by the Bureau of Experts at the Council of Ministers.

After perusal of Report No. (1099/43/M) dated 27/11/1443 H. prepared by the Council of Economic and Development Affairs.

After examining the Decision of the Shura Council No. (242/39) dated 14/11/1443 H.