Companies Law
Art. 207Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. Without prejudice to paragraph (2) of this Article, a professional company
shall be managed by one person, or more, from among its partners or others.
If it is managed by one person, said person must be a licensed partner. If it
is managed by more than one person, the number of licensed partners shall
not be less than the number specified by the Regulations. The company’s
articles of incorporation or articles of association shall determine the
conditions for appointing the manager as well as his powers, remuneration,
term, and the manner of his removal.
2. A professional joint-stock company shall be managed by a board of directors
comprising its shareholders or others. The Regulations shall specify the
number of board members who must be licensed shareholders. The
Companies Law
company’s articles of association shall determine the board’s powers and the
provisions relating to its formation.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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