Implementing Regulations of the Telecommunications and Information Technology Law
Art. 14Status unknownSaudi ArabiaRegulation
Issued by Ministry of Communications & IT (MCIT)
Without prejudice to the competition provisions stipulated in the Law,
Regulations and other related laws, a service provider shall apply for CST’s
approval before making any substantial change in its ownership. The following
cases shall be deemed as a fundamental change in ownership:
1. Amendment to any of the essential clauses in the memorandum of
association or the articles of association;
2. Any ownership-related amendment to the commercial register
3. Any legal action resulting in another person owning a stake equal to 5%
five percent or more of the licensee’s capital.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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