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Articles Of Incorporation Form

Articles Of Incorporation Form Template for Saudi Arabia

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Key Requirements PROMPT example:

Articles Of Incorporation Form

"I need Articles of Incorporation Form for a Saudi limited liability company to be established in March 2025, with five local shareholders and an initial capital of 500,000 SAR, focusing on technology consulting services in Riyadh."

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Document background
The Articles of Incorporation Form is a mandatory legal document required for establishing any company in Saudi Arabia. This document must comply with the Saudi Companies Law of 2015 and various regulations from the Ministry of Commerce. It is used when incorporating new companies or converting existing businesses into formal corporate entities. The Articles of Incorporation contains crucial information about the company's structure, including capital allocation, shareholder rights, management framework, and operational procedures. It serves as the primary reference for corporate governance and must be authenticated by appropriate authorities, including notarization and registration with the Ministry of Commerce. The document is particularly important in Saudi Arabia's business environment as it establishes compliance with local regulations, including Shariah principles where applicable, and sets the foundation for the company's legal existence and operations within the Kingdom.
Suggested Sections

1. Article 1: Company Formation: Declaration of company establishment, company type, and founding shareholders' information

2. Article 2: Company Name: Official company name in Arabic and English as approved by the Ministry of Commerce

3. Article 3: Company Objectives: Detailed list of business activities and purposes the company is authorized to conduct

4. Article 4: Head Office: Location of the company's headquarters and provisions for establishing branches

5. Article 5: Duration: Term of the company's existence and conditions for extension

6. Article 6: Capital Structure: Details of company's capital, number of shares, and value per share

7. Article 7: Share Subscription: Distribution of shares among founders and payment confirmation

8. Article 8: Management Structure: Composition of board of directors or managers, appointment procedures, and powers

9. Article 9: Shareholders Meetings: Procedures for conducting general assembly meetings and voting rights

10. Article 10: Financial Year: Definition of fiscal year and financial reporting requirements

11. Article 11: Profit Distribution: Rules for distribution of profits and formation of reserves

12. Article 12: Dissolution and Liquidation: Procedures for company dissolution and asset liquidation

Optional Sections

1. Article on Foreign Investment: Required when foreign shareholders are involved, detailing compliance with foreign investment regulations

2. Article on Preferred Shares: Included when the company issues different classes of shares with varying rights

3. Article on Share Transfer Restrictions: Added when specific restrictions on share transfers are desired beyond statutory requirements

4. Article on Executive Committee: Included for larger companies requiring an executive committee structure

5. Article on Shariah Compliance: Required for companies operating in Islamic financial services or seeking Shariah compliance

6. Article on Technical Management: Added when the company has technical or specialized operations requiring specific management provisions

Suggested Schedules

1. Schedule 1: Shareholder Details: Detailed information about founding shareholders, including ID numbers and contact details

2. Schedule 2: Share Capital Distribution: Detailed breakdown of share allocation and capital contribution by each shareholder

3. Schedule 3: Business Activities: Comprehensive list of approved business activities with their respective ISIC codes

4. Schedule 4: Board Members: Details of initial board members or managers including their qualifications and positions

5. Schedule 5: Powers of Attorney: List of authorized signatories and their respective powers

6. Appendix A: Shareholders' Resolution: Initial shareholders' resolution approving the Articles of Incorporation

7. Appendix B: Ministry Approvals: Copies of relevant preliminary approvals from Ministry of Commerce or other authorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































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Relevant Industries

Financial Services

Manufacturing

Retail

Technology

Professional Services

Construction

Healthcare

Education

Real Estate

Transportation

Energy

Mining

Agriculture

Telecommunications

Hospitality

Industrial

Trading

Consulting

Relevant Teams

Legal

Compliance

Corporate Governance

Board Secretariat

Executive Leadership

Corporate Affairs

Regulatory Affairs

Investment

Business Development

Administration

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Corporate Secretary

Legal Counsel

Compliance Officer

Board Director

Managing Director

Company Formation Specialist

Corporate Governance Officer

Business Development Manager

Investment Manager

General Counsel

Regulatory Affairs Manager

Corporate Attorney

Company Registrar

Shareholder Relations Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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