Companies Law
Art. 98Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If a joint-stock company is incorporated by a single person, or if all of its shares
are transferred to a single person, said person shall have the powers and
authorities of shareholder assemblies stipulated in this Part and his decisions
shall be issued in writing without the need to call for a meeting of the general
assembly. Such decisions shall be recorded in the special register referred to
in Article 97 of this Law.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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