Companies Law
Art. 150Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The incorporation of a simplified joint-stock company by a single person or the
transfer of all its shares to a single person shall entail the following:
a) The liability of such person shall be limited to what he allocates as capital.
b) Said person shall have the powers and authorities of shareholders provided
for in this Part; his decisions shall be issued in writing and recorded in a
special register kept at the company.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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