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Articles Of Incorporation And Certificate Of Incorporation
"I need Articles of Incorporation and Certificate of Incorporation for establishing a Saudi-owned technology consulting company in Riyadh by March 2025, with three local shareholders and an initial capital of 500,000 SAR."
1. Company Name and Form: Legal name of the company in Arabic and English, and its form (e.g., LLC, Joint Stock Company)
2. Company's Objectives: Detailed description of all business activities the company is authorized to conduct
3. Principal Office: Location of the company's head office and provisions for establishing branches
4. Duration: The term of the company's existence
5. Capital Structure: Details of the company's capital, number of shares, and par value
6. Shareholders: Identity of founding shareholders and their respective shareholdings
7. Share Transfer Provisions: Rules and procedures governing the transfer of shares
8. Management Structure: Composition of the board/managers and their powers
9. Shareholders Meetings: Procedures for conducting general and extraordinary meetings
10. Financial Year and Accounts: Fiscal year definition and requirements for financial statements
11. Profit Distribution: Rules for distributing profits and handling losses
12. Dissolution and Liquidation: Procedures for company dissolution and liquidation
1. Foreign Investment Provisions: Required when there are foreign shareholders, detailing compliance with foreign investment regulations
2. Preemptive Rights: Optional provisions giving existing shareholders priority rights in new share issuances
3. Share Classes: Required when the company has different classes of shares with varying rights
4. Tag-Along Rights: Optional provisions protecting minority shareholders in case of majority stake sales
5. Non-Competition: Optional restrictions on shareholders' competing activities
6. Executive Committee: Optional section for companies wanting an executive committee structure
7. Shariah Compliance: Optional section for companies wanting to ensure adherence to Islamic law principles
8. Reserved Matters: Optional list of decisions requiring special majority or unanimous approval
1. Schedule 1: Shareholder Details: Detailed information about shareholders including ID/CR numbers and contact details
2. Schedule 2: Share Capital Distribution: Detailed breakdown of shareholding structure and paid-up capital
3. Schedule 3: Business Activities: Comprehensive list of approved business activities with their ISIC codes
4. Schedule 4: Board/Manager Powers: Detailed list of powers granted to board members or managers
5. Schedule 5: Initial Appointments: List of initial directors, managers, and other key position holders
6. Appendix A: Shareholders' Resolution: Initial shareholders' resolution approving the incorporation
7. Appendix B: Government Approvals: Copies of relevant government licenses and approvals
8. Appendix C: Power of Attorney: Powers of attorney for company formation and registration procedures
Authors
Manufacturing
Technology
Healthcare
Financial Services
Real Estate
Retail
Professional Services
Construction
Energy
Transportation
Education
Hospitality
Agriculture
Mining
Telecommunications
Legal
Corporate Governance
Compliance
Finance
Executive Leadership
Board of Directors
Corporate Affairs
Risk Management
Investor Relations
Business Development
Chief Executive Officer
Company Secretary
Legal Counsel
Corporate Lawyer
Compliance Officer
Board Secretary
Chief Financial Officer
Managing Director
Board Member
Corporate Governance Officer
Risk Manager
Shareholder Relations Manager
Business Development Director
Investment Manager
Find the exact document you need
Articles Of Incorporation And Certificate Of Incorporation
Fundamental legal documents required under Saudi Arabian law that establish a company's structure, governance, and operational framework in compliance with Saudi Companies Law.
Articles Of Association And Memorandum Of Association
A foundational legal document under Saudi Arabian law that establishes a company's structure, governance, and operational framework while ensuring compliance with local regulations.
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