Civil Transactions Law
Art. 531Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. A company may be established between the partners on the basis of joint
and several liability with regard to the property or work they are obligated to
contribute for the company’s benefit; the contribution of each partner to the
company’s capital shall be in proportion to the liability borne thereby, unless
agreed otherwise.
2. The contribution of partners may be in the form of property or work, and it
may also be in the form of equipment and tools necessary for the work.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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