Alqanoni

Civil Transactions Law

Art. 18
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. A legal person shall, within the limits prescribed by law, enjoy all rights, except for the rights inherent to a natural person. 2. A legal person shall have the following: a) Independent financial capacity. b) Legal capacity within the limits specified in the document establishing it or as specified in legal provisions. c) The right to litigation. d) An independent domicile. Such domicile shall be the place where its main office is located; however, the place where a legal person’s branch is located may be deemed a domicile thereof with respect to the activity of such branch. e) A nationality, subject to legal provisions. 3. A legal person shall have a representative to express its will. Civil Transactions Law Section 3: Things and Property

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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