Alqanoni

Companies Law

Art. 164
Status unknownSaudi ArabiaRegulation

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

1. The partners may remove the manager, or managers in case of multiple managers, whether appointed in the company’s articles of incorporation or in a separate contract; in such case, the partners shall appoint a new Companies Law manager to replace the removed manager. If the manager is a partner in the company, he may not vote on the decision relating to his removal. 2. A partner, or more, representing at least one fourth of the company’s capital may petition the competent judicial authority to remove the manager or managers, as the case may be.

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

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