Saudi Arabia's Cabinet has recently approved a draft of a new Company Regulation Law. The main changes under the new regulation are summarized as follows.
Available Corporate Forms
Under the new regulation, five corporate forms will be available, including:
- Limited liability company (LLC) - may be formed as a holding company;
- Joint stock company (JSC) - may be formed as a holding company;
- Joint venture company;
- General partnership; and
- Limited partnership.
Current corporate forms that w…