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Articles Of Incorporation And Certificate Of Incorporation Template for Saudi Arabia

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Key Requirements PROMPT example:

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."

Document background
The Articles of Incorporation and Certificate of Incorporation are mandatory documents required when establishing any company in Saudi Arabia. These documents serve as the constitutional foundation of the company, outlining its legal structure and operational framework. They must comply with the Saudi Companies Law of 2015 and various regulations from the Ministry of Commerce. The Articles of Incorporation detail the company's name, objectives, capital, shareholding structure, management framework, and operational procedures, while the Certificate of Incorporation provides official confirmation of the company's establishment. These documents are particularly crucial as they govern the relationship between shareholders, establish management authorities, and serve as reference points for all major corporate decisions. For foreign investors, additional provisions must be included to comply with Foreign Investment Law requirements. The documents must be in Arabic and require notarization and registration with relevant authorities.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





































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Relevant Industries

Manufacturing

Technology

Healthcare

Financial Services

Real Estate

Retail

Professional Services

Construction

Energy

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Education

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Relevant Teams

Legal

Corporate Governance

Compliance

Finance

Executive Leadership

Board of Directors

Corporate Affairs

Risk Management

Investor Relations

Business Development

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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