Companies Law
Art. 246Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The powers of the company’s manager or board of directors shall end upon
its termination. However, they shall remain in charge of managing the
company and shall be deemed liquidators vis-à-vis third parties pending
appointment of a liquidator.
2. The company’s assemblies shall remain valid during the liquidation period,
and their role shall be limited to exercising their powers that are not
inconsistent with those of the liquidator.
3. During the liquidation period, a partner or shareholder shall continue to have
access to company documents, as permitted in this Law or the company’s
articles of incorporation or articles of association.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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