Alqanoni

Companies Law

Art. 165
Status unknownSaudi ArabiaRegulation

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

1. A limited liability company shall have a general assembly comprising all the partners of the company. 2. The general assembly of partners shall convene upon a call by the manager or managers, as the case may be, in accordance with the conditions specified in the company’s articles of incorporation, provided that it is held at least once a year during the six-month period following the end of the company’s fiscal year. 3. The general assembly of partners may be held at any time upon the request of the managers, auditor, or a partner, or more, representing at least 10% of the capital. The invitation for the general assembly meeting shall be sent to all partners by registered mail, means of technology, or any other means stipulated in the articles of incorporation at least 21 days prior to the date set for said meeting. 4. Partners who represent all of the interests in the company’s capital may hold a general assembly meeting without observing the conditions and periods stipulated for the call. 5. Deliberations of the general assembly of partners as well as its decisions and partner decisions issued by circulation shall be recorded in minutes and entered into a special register prepared by the company for such purpose. The company may use means of technology to record and enter such deliberations and decisions. 6. Meetings of the general assembly of partners may be held and partners may participate in deliberations and vote on decisions using means of technology.

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

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