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Business Articles Of Incorporation

Business Articles Of Incorporation Template for Saudi Arabia

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Key Requirements PROMPT example:

Business Articles Of Incorporation

"I need Business Articles of Incorporation for a technology startup in Riyadh with 60% Saudi ownership and 40% foreign investment from a US tech company, planning to start operations in March 2025, with specific provisions for intellectual property protection and future investment rounds."

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Document background
Business Articles of Incorporation are essential founding documents required for establishing any company in Saudi Arabia. They must be prepared and filed when forming a new company or converting an existing business into a formal corporate entity. The document complies with the Saudi Companies Law of 2015 and subsequent amendments, containing crucial information about the company's structure, ownership, management, and operations. Articles of Incorporation serve multiple purposes: they legally establish the company, define relationships between shareholders, set out management structures, and provide a framework for corporate governance. They are filed with the Ministry of Commerce and form part of the public record, making them accessible to stakeholders, potential investors, and regulatory authorities. The document must be drafted in Arabic (with optional English translation) and requires notarization before submission to relevant authorities.
Suggested Sections

1. Company Name and Form: Legal name of the company, type of company (LLC, JSC, etc.), and confirmation of Saudi law compliance

2. Company Objects: Detailed description of permitted business activities and scope of operations

3. Principal Office: Location of the company's head office and provisions for establishing branches

4. Duration: Term of the company's existence (usually indefinite unless specified otherwise)

5. Capital Structure: Details of company's capital, number and value of shares, and types of shares if applicable

6. Shareholders: Identity of founding shareholders, their nationalities, and shareholding percentages

7. Share Transfer Restrictions: Rules and procedures governing the transfer of shares and preemptive rights

8. Management Structure: Composition of board/managers, appointment procedures, powers, and limitations

9. Shareholder Meetings: Procedures for conducting general and extraordinary meetings, voting rights, and quorum requirements

10. Financial Year and Accounts: Specification of financial year, accounting requirements, and profit distribution

11. Dissolution and Liquidation: Procedures and circumstances for company dissolution and liquidation process

Optional Sections

1. Foreign Investment Provisions: Required when there are foreign shareholders, detailing compliance with SAGIA regulations

2. Shariah Compliance: Required for companies seeking to ensure Islamic law compliance in their operations

3. Reserved Matters: Used when certain decisions require special majority or unanimous approval

4. Tag-Along and Drag-Along Rights: Included for companies anticipating future investment or exit scenarios

5. Intellectual Property Rights: Required for companies with significant IP assets or technology focus

6. Non-Competition and Confidentiality: Used when specific restrictions on shareholders/managers are needed

Suggested Schedules

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

2. Schedule 2 - Share Capital Distribution: Detailed breakdown of share capital allocation and payment status

3. Schedule 3 - Licensed Activities: Complete list of approved business activities with their official classification codes

4. Schedule 4 - Initial Board Members/Managers: Details of initial management team including their powers and terms

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

6. Appendix B - Power of Attorney: Authorization for legal representative to complete registration procedures

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

Manufacturing

Technology

Retail

Professional Services

Construction

Healthcare

Financial Services

Education

Transportation

Real Estate

Energy

Telecommunications

Hospitality

Agriculture

Mining

Relevant Teams

Legal

Corporate Governance

Executive Leadership

Finance

Compliance

Corporate Affairs

Risk Management

Investment

Business Development

Administration

Relevant Roles

CEO

Company Director

Legal Counsel

Corporate Secretary

Chief Financial Officer

Compliance Officer

Business Development Manager

Managing Director

Board Member

General Counsel

Corporate Governance Officer

Shareholder Relations Manager

Risk Management Officer

Investment 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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