Ƶ

All Countries
Mergers & Acquisitions
Contract For Sale Of Shares In A Private Company

Contract For Sale Of Shares In A Private Company Template for Saudi Arabia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Contract For Sale Of Shares In A Private Company

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Contract For Sale Of Shares In A Private Company

"I need a Contract For Sale Of Shares In A Private Company under Saudi law for the sale of 60% shareholding in a local technology company, with completion scheduled for March 2025 and payment in three installments."

Celebrated by
Collaborations with
Investors
Document background
The Contract For Sale Of Shares In A Private Company is a crucial document used in Saudi Arabia when transferring ownership of shares between parties in a private company. This agreement is essential for documenting share transfers in compliance with Saudi Companies Law 2015 and its amendments, while adhering to Shariah principles. The document becomes necessary when shareholders wish to sell their stake in a private company, whether partially or wholly, and requires careful consideration of Saudi Arabian regulatory requirements, including potential foreign investment restrictions and capital market regulations. It typically contains detailed provisions about the transaction structure, warranties, indemnities, and completion mechanics, while also addressing specific Saudi requirements such as commercial registration updates and ministry approvals. The agreement must be drafted to ensure enforceability under Saudi law and typically requires authentication before relevant authorities.
Suggested Sections

1. Parties: Identification of the seller(s) and buyer(s), including full legal names, addresses, and commercial registration details as required under Saudi law

2. Background: Context of the transaction, description of the company whose shares are being sold, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including specific Saudi legal terminology where relevant

4. Sale and Purchase: Core transaction terms including number of shares, percentage of ownership, and price

5. Purchase Price and Payment: Detailed payment terms, including payment method, currency, and any installment arrangements

6. Completion: Requirements and process for completing the transfer, including necessary regulatory approvals

7. Seller's Warranties: Warranties regarding share ownership, company status, and compliance with Saudi laws

8. Buyer's Warranties: Warranties regarding capacity to purchase and compliance with relevant regulations

9. Pre-Completion Obligations: Actions required before completion, including obtaining necessary governmental approvals

10. Confidentiality: Obligations to maintain confidentiality of the transaction and company information

11. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction of Saudi courts

12. Notices: Process for formal communications between parties

13. General Provisions: Standard boilerplate clauses adapted to Saudi law requirements

Optional Sections

1. Foreign Investment Provisions: Required if buyer is non-Saudi, addressing SAGIA requirements and foreign investment regulations

2. Security Provisions: Used when payment is deferred or in installments, detailing security arrangements

3. Non-Competition: Restrictions on seller's future business activities, if agreed

4. Management Transition: Required if seller has management role in company that needs transition

5. Earn-out Provisions: Used when part of purchase price is contingent on future performance

6. Tag-Along/Drag-Along Rights: Required in partial sales where other shareholders are involved

7. Shareholder Approval: Required if company's articles or shareholders' agreement require shareholder approval

8. Regulatory Compliance: Special provisions for regulated industries requiring specific approvals

Suggested Schedules

1. Share Details: Detailed description of shares being sold including share certificates numbers and class

2. Company Information: Key company details including registration, licenses, and corporate structure

3. Warranties: Detailed warranties and representations by seller regarding company and shares

4. Financial Statements: Recent financial statements and management accounts

5. Material Contracts: List and details of company's material contracts

6. Property Schedule: Details of company's real estate assets if applicable

7. Intellectual Property: List of company's IP rights and registrations

8. Employee Information: Details of key employees and employment terms

9. Outstanding Litigation: Details of any pending legal proceedings

10. Required Consents: List of third-party and regulatory consents required

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











































Clauses








































Relevant Industries

Financial Services

Professional Services

Technology

Manufacturing

Real Estate

Healthcare

Retail

Energy

Transportation

Construction

Telecommunications

Education

Hospitality

Industrial

Agriculture

Mining

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Compliance

Risk Management

Corporate Secretariat

Board of Directors

Investment

Strategy

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Lawyer

Investment Manager

Company Secretary

Compliance Officer

Board Director

Managing Director

Finance Director

Business Development Manager

Corporate Development Manager

Investment Banker

Mergers & Acquisitions Manager

Risk Manager

General Counsel

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

Find the exact document you need

Share Purchase Contract

A Saudi Arabian law-governed agreement documenting the sale and purchase of shares in a company, including terms, conditions, and regulatory compliance requirements.

find out more

Share Retention Agreement

A Saudi Arabian legal document that restricts shareholders from transferring their shares for a specified period, ensuring ownership stability and regulatory compliance.

find out more

Company Share Transfer Agreement

A Saudi Arabian legal agreement governing the transfer of company shares between parties, subject to local corporate laws and regulations.

find out more

Share Repurchase Agreement

A Saudi law-governed agreement documenting terms and conditions for a company's repurchase of its own shares from existing shareholders, ensuring compliance with Companies Law and Sharia principles.

find out more

Contract For Shares Of A Company

A Saudi Arabian law-governed agreement for the sale and transfer of company shares between parties, establishing terms, conditions, and obligations of the transaction.

find out more

Share Purchase Agreement Short Form

A concise agreement under Saudi Arabian law for the transfer of shares in private companies, outlining essential terms and conditions of the sale.

find out more

Stock Sale Contract

A Saudi Arabian law-governed agreement for the sale and transfer of company shares, compliant with local regulatory requirements.

find out more

Contract For Sale Of Shares In A Private Company

A Saudi Arabian law-governed agreement for the sale and transfer of shares in a private company, detailing terms, conditions, and regulatory compliance requirements.

find out more

Simple Share Purchase Agreement

A Saudi Arabian law-governed agreement for the straightforward transfer of shares between parties, suitable for uncomplicated private company transactions.

find out more

Business Shares Agreement

A Saudi Arabian law-governed agreement detailing the terms and conditions for the transfer of business shares between parties.

find out more

Share Exchange Agreement

A Saudi law-governed agreement facilitating the exchange of shares between companies, detailing exchange terms and regulatory compliance requirements.

find out more

Share Swap Agreement

A Saudi Arabian law-governed agreement facilitating the exchange of shares between parties, incorporating local regulatory and Sharia compliance requirements.

find out more

Employee Stock Option Agreement

A Saudi Arabian law-governed agreement setting out terms for employees to acquire company shares through stock options, compliant with local regulations and Sharia principles.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.