Document background
The Contract Management Review Process document has been developed to address the growing complexity of business transactions and the need for standardized contract review procedures in Saudi Arabia. It is designed for use when organizations need to establish or update their contract review mechanisms to ensure compliance with Saudi law, including Sharia principles, Royal Decrees, and commercial regulations. This document becomes particularly relevant as organizations scale their operations and require robust governance frameworks. The Contract Management Review Process includes detailed procedures for different contract types, risk assessment methodologies, approval hierarchies, and documentation requirements, making it essential for organizations seeking to maintain consistent and compliant contract management practices while operating under Saudi Arabian jurisdiction.
