Alqanoni

Companies Law

Art. 97
Status unknownSaudi ArabiaRegulation

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

Minutes of assembly meetings shall indicate the number of shareholders in attendance, whether in person or by proxy; the number of shares held by each attendee, whether personally or by proxy; the number of votes designated thereto; the decisions made; the number of consenting and dissenting votes; and a summary of meeting discussions. The minutes shall be recorded after every meeting in a special register and signed by the assembly’s chairman and secretary and by the vote counters. The Competent Authority may set rules for the minutes of assembly meetings and the duties of assembly secretaries and vote counters.

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

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