Companies Law
Art. 152Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The company’s articles of association may provide for the conditions under
which a shareholder is obligated to assign his shares. The purchase price of
such shares shall be determined on the basis of their fair value, unless the
company’s articles of association stipulate otherwise. The company’s articles
of association may provide for the suspension of the rights associated with his
shares, excluding financial rights, until assignment of his shares is completed.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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