Document background
The Share Purchase Agreement Short Form is specifically designed for use in Saudi Arabia when parties wish to document a straightforward transfer of shares in private companies. This streamlined version is particularly suitable for transactions where the parties have already conducted their due diligence and agreed on key commercial terms. The document includes essential provisions required under Saudi law while maintaining a simplified structure compared to a full-form SPA. It covers fundamental elements such as share transfer mechanics, basic warranties, and completion requirements, all while ensuring compliance with Saudi Companies Law and Sharia principles. This format is commonly used for smaller transactions or where the parties have an existing relationship and prefer a more concise agreement structure.
