Companies Law
Art. 151Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The company’s articles of association may provide for restrictions on the
disposition of shares, as follows:
a) Restricting the disposition of shares for a period not exceeding 10 years from
their issuance date. Such period may be extended if unanimously approved
by shareholders.
b) Requiring the approval of the company or shareholders prior to the
disposition of shares.
Any disposition of shares in violation of such restrictions shall be deemed null
and void.
Companies Law
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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