Saudi Arabia: Corporate Governance

Saudi Arabia's Data and AI Authority has published the Kingdom's first national framework for managing artificial intelligence risks, establishing a comprehensive governance approach that combines Islamic values with international best practices. The framework provides government and private organisations with a structured methodology for identifying, assessing, treating and monitoring AI risks across all sectors, while supporting the country's Vision 2030 and National Data and AI Strategy.

خدمات قانونية شاملة للشركات في الرياض، تشمل تأسيس الشركات، والحوكمة، والامتثال، وا...

Transparency in ownership structures has become A fundamental requirement of the modern investment landscape. Merely knowing the registered Shareholder of a company is no longer sufficient for regulators or financial institutions. With the increasing sophistication of money laundering methods and the concealment of the origin of illicit funds through companies and legal entities, many jurisdictions have moved towards requiring companies to disclose the Ultimate Beneficial Owner (“UBO”).

Entrepreneurship has become a cornerstone of Saudi Arabia's Vision 2030. The Kingdom is actively diversifying its economy by encouraging private sector growth and innovation...

Over the past two decades, countries across the Middle East have witnessed a ripple of unprecedented transformative events across multiple sectors.

Growth matters for any business – it is essential for building prosperity and sustainability. However, for family businesses, how you grow matters beyond sales and bottom-line profit.

Over many years, directors of companies have developed a variety of unwritten procedures and practices so their meetings can be run in an efficient manner, whilst still accommodating the diverse differences...

As per the new Companies Law that came into effect on 2 May 2016 and which we have described in previous updates, single owner LLCs may be formed...

Earlier this year, the Deputy Crown Prince Mohammed bin Salman announced the new reform plan, Vision 2030, which expresses Saudi Arabia's long-term goals and expectations...