Companies Law

1. The Minister and CMA Board shall, each within their powers, issue the Regulations within a period not exceeding 180 days from the date of publication of this Law. The Regulations shall set the rules, periods, and procedures, and shall specify the documents or information necessary for the implementation of the provisions of this Law. The Regulations shall also set the rules for using means of technology to call for partner meetings, shareholder meetings, or public and private shareholder assemblies; the rules for the participation of partners or shareholders in deliberations and voting on decisions; and the eligibility criteria for attending partner meetings, shareholder meetings, or shareholder assemblies, and voting therein. 2. Any of the procedures specified in this Law or its Regulations may be carried out electronically, including submitting applications for incorporating companies or amending their articles of incorporation or articles of association; registration and publication procedures with the Commercial Register; signing incorporation applications and company documents and records; depositing financial statements; and any other procedures.