Alqanoni

Companies Law

Art. 148
Status unknownSaudi ArabiaRegulation

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

1. Deliberations and decisions of shareholder meetings as well as decisions issued by circulation shall be recorded in minutes and entered into a special register signed by the company’s president, manager, or board of directors, as the case may be. The company may use means of technology to document and record such deliberations and decisions. 2. Shareholder decisions which the Regulations require to be registered with the Commercial Register shall be registered therewith by the company’s president, manager, or board of directors, as the case may be, within 15 days from their issuance date.

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

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