Legal Framework

Saudi Arabia 2020 - Legal Framework

Saudi Arabia’s Capital Market Authority approved updated corporate governance regulations for joint-stock companies listed on the Saudi Stock Exchange (Tadawul) in February 2017, and amended them in May 2019. The regulations set standards for best corporate practices by promoting accountability, clarity and transparency for management, board members, shareholders and stakeholders. This overview covers shareholder rights, the responsibilities of an organisation’s Board of Directors, competition law, tenders and procurement, arbitration and bankruptcy. This chapter contains a viewpoint from Zeyad Khoshaim, Managing Partner, Khoshaim & Associates.

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Tax, from The Report: Saudi Arabia 2020
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Overview of Saudi Arabia's legal framework

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Sketch of Zeyad Khoshaim, Managing Partner, Khoshaim & Associates
Zeyad Khoshaim, Managing Partner, Khoshaim & Associates: Viewpoint

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