Companies Law
Art. 53Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. A limited partner, or his designee, may, twice during the fiscal year, have
access to the company’s operations, examine its records and documents,
obtain a summary of the company’s financial status from such records and
documents.
2. A limited partner may not interfere in the management of the company’s
external activities, even with a power of attorney; otherwise, he shall be
jointly and personally liable for the debts and liabilities the company incurs
due to his interference. A limited partner may, however, participate in the
management of the company’s internal activities in accordance with its
articles of incorporation. The partner shall not be deemed liable for such
participation, unless it leads third parties to believe that he is a general
partner; in such case, he shall be deemed jointly and personally liable to
such parties for the company’s debts and liabilities.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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