Alqanoni

Companies Law

Art. 158
Status unknownSaudi ArabiaRegulation

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

1. The following information shall be included in the articles of incorporation of a limited liability company: a) Partners’ names and particulars. b) Company’s name. c) Company’s headquarters. d) Company’s purpose. e) Company’s capital and its distribution among partners. f) An acknowledgment by the partners that their contributions are fully paid. g) Company’s term, if any. h) Company’s management. i) Assignment of interests. j) Means of sending notifications to partners. k) Issuance of partner decisions. l) Manner of distributing profits and losses among partners. m)Dates on which the company’s fiscal year commences and ends. n) Termination of the company. o) Any other terms, conditions, or information the partners agree to include in the company’s articles of incorporation that are not inconsistent with the provisions of this Law. 2. The following shall be enclosed with the company’s articles of incorporation upon submission of its incorporation application: a) An acknowledgment by the incorporators to satisfy all the requirements provided for in this Law which relate to the incorporation of the company. b) A statement or report prepared by an accredited valuer, or more, indicating the fair value of in-kind contributions, if any, and an acknowledgment by the incorporators approving the consideration for Companies Law such contributions.

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

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