Legal News Until 2/04/2026

The most important legal news in local newspapers
We in Ben Arafa Law Group Consulting & Legal Legitimacy L.L.C likes to provide you of the most important legal news in the local newspapers for this week, which related to your business and commercial, labor and procedural activities, and accordingly we provide you with the most important news as follows:

Warning each identity that fails to disclose the actual beneficiary data  

Minister of commerce decree number (186) dated to 24-08-1447H

Upon the authorities granted to the minister of commerce, and according to paragraph (Q) of article (two hundred sixty two), and paragraph (two hundred sixty seven) of the companies law issued by the royal bylaw number (132-M) dated to 1-12-1443H, and article (twelve) of the actual beneficiary rules issued by the ministerial decree number (99) dated to 5-6-1447H, and referring to the public interests.

The following is decreed:

First: Each identity fails to disclose the actual beneficiary data, or fails to present the annual confirmation of that data for the first time, while is granted thirty days period starting from the next day to the warning for correcting the situation.

Second: In a case of not correcting the situation in the stated period at the first paragraph, a direct sanction shall be imposed on each company which doesn’t comply with the disclosure or fails to present the annual confirmation of the actual beneficiary data in the defined period according to the actual beneficiary rules. The fine shall be as follows:

Third: in a case of repeating the violation of not disclosing the actual beneficiary data in the defined period for the next year to the previous violation decree, the fine shall be doubled for the previous violation, while the total fine shall not exceed (500,000) Sr..

Fourth: notification of the direct sanction decree shall be according to the mechanisms defined at article number (ninety four) of the executive rules of the companies’ law.

Fifth: This decree is published at the official gazette and is applicable from the date of its publication.

Decree of the capital market number (1-135-2025) dated to 03-06-1447H

The capital market authority board decrees the following upon the capital market law, issued by the royal bylaw number (30-M) dated to 2-6-1424H:

• Amending the regulations for offering securities and continuous liabilities, by the board decree number (3-123-2017) dated to 9-4-1439H, corresponding to 27-12-2017, amended by the board decree number (1-94-2025) dated to 9-3-1447H, corresponding to 1-9-2025, as follows:

• Amending paragraph (d) and paragraph (h) of article number seventy four of the rules, by inserting the statement “qualified investors in parallel market” instead of the statement “qualified investors”.

• Amending paragraph (f) of article seventy nine and paragraph “d) of article eighty three of the rules, by inserting the phrase “qualified investor in parallel market instead of “qualified investor”

• Amending paragraphs (a), (b), (c) or (d) of article number eighty five of the rules, by inserting the phrase “qualified investors in parallel market” instead of “qualified investors”, and it is applicable from the date of publishing.

• Amending the definition of “qualified investor” that is stated in the list of idioms used in the capital market authority regulations, issued by the board decree number (4-1-2004) dated to 20-8-1425 H, corresponding to 4-10-2004, amended by the board decree number (1-94-2025) dated to 9-3-1447H corresponding to 1-9-2025, as follows: “qualified investor in parallel market: means at the eighth section of the securities offer rules and the continuous liabilities, and in articles number forty eight, and forty nine of the real estate investment funds, each of the following:

• Capital market institutions which act for their own account.

• Clients of the capital market, who are licensed to practice business, in a condition of being appointed by conditions which enable them to take the decrees for accepting shared offering and investment in parallel market instead of the client without having a prior consent.

• The KSA government, any governmental authority or any international authority which is recognized by the authority, the market or any other fiscal market which are recognized by the authority or the deposit center.

• The companies which are owned by the government, whether directly, or through a pocket managed by the capital market which are licensed to practice management.

• Companies and funds which are established in the GCC.

• Investment funds.

• Any other legal identities may open investment account in the KSA and an account at the center.

• Natural identities may open investment account in the KSA and an account at the Deposit center.

They should meet the following standards:

• He should make bargains at the capital market which value shouldn’t be less than twenty million Saudi riyals in the last twelve months.

• The net value of his assets shouldn’t be less than five million Saudi riyals.

• He should have worked for at least three years in the fiscal sector.

• He should have the general certificate for dealing with securities and it should be approved from the authority.

• He should have a professional certificate in the field of securities and it should be recognized by an international authorities.

• He should have worked as a member in the board of directors or a member of the specialized committees in the companies which are listed in the parallel market.

• Any other persons who are defined by the authority.

This decree is applicable from the date of its publishing.

• Amending paragraph (m) of article forty eight and paragraph (n) of article forty nine of the investment funds regulations, issued by the board decree number (1-2019-2006) dated to 3-12-1427H, corresponding to 24-12-2006, amended by the board decree number (1-2029-2025) dated to 23-11-1446H corresponding to 21-5-2025, through inserting “categories of qualified investors in the parallel market” instead of “categories of qualified investors”. They are applicable from the date of publishing.

• Amending paragraph (B) of article forty six of the real estate investment funds issued by the board decree number (1-193-2006) dated to 19-6-1427H, corresponding to 15-7-2006, amended by the board decree number (1-4-2025) dated to 23-11-1446H, corresponding to 21-5-2025, by inserting “categories of qualified investors in the parallel market” instead of “categories of qualified investors”. It is applicable from the date of its publishing.

• Publishing the content of paragraphs (a), (b), (c) and (d) of this decree at the websites of the authority and Tadawul Saudi Company.

• Decree number (662) dated to 07-09-1447H

The cabinet:

Upon revising the treatment issues from the royal court in number 43696 dated to 16-6-1446H, including the telegram of the minister of commerce, the chairman of the national center for competition and the chairman of the Saudi center for economic business, in number 19521 dated to 140601446H about merging the national center for competition and the Saudi center for economic business, in one center under the title of “the Saudi center for competition and business”

Upon revising the draft for regulating the Saudi center for competition and business,

Upon revising the organization of the national center for competition, issued by the cabinet decree number (212) dated to 25-4-1440H,

Upon revising the organization of the Saudi center for economic business, issued by cabinet decree number (456) dated to 11-8-1449H,

Upon revising the rules and the regulations for the method of treating employees and workers in the targeted sector through transfer or allocation, issued by the cabinet decree number (616) dated to 20-10-1442H,

Upon revising the cabinet decree number (611) dated to 22-8-1447H,

Upon revising the statements number (317) dated to 26-1-1447H, (1234) dated to 2-4-1447H, (2318) dated to 24-6-1447H, and (3061) dated to 29-8-1447H, which are issued by the experts’ authority at the cabinet,

Upon revising the recommendation of the economics and development affairs council number (47-6-6) dated to 29-5-1447H,

Upon revising the recommendation of the public committee of the cabinet number (9562) dated to (47-6-6),

Decrees:

First: Merging the national center for competition and the Saudi center for economic business, in one center in the name of “the Saudi Center for Competition and Business”, while that merge shall not result in any addition financial effect on the general balance of the state, or requesting an increase on the approved thresholds.

Second: Agreeing on organizing the Saudi center for competition and business, in the attached form.

Third: in exception from paragraph (2) of article (ten) of the stated organization in “Second” of this decree, the first fiscal year for the Saudi Center for competition and business commences from the date of that organization applicability and completes with the completion of the next fiscal year of the state.

Fourth: Saudi center for competition and business replaces the national center for completion and the Saudi center for economic business, in all their rights and undertakings.

Fifth: the board of the Saudi center for competition and business supervises the process of merging which is stated in (First) article of this decree, and it may establish the required procedures.

Sixth: in exception of the (first) article of this decree, and the organization stated in (the second) article of this decree, the national center for completion and the Saudi center for economic business continue practicing their duties until the completion of the merge, according to what is decided by the Saudi center for competition and business.

Seventh: in exception from paragraph (1) of article (four) of the stated organization in (the second) article of this decree, Dr. Maged Bin Abdullah Alqasaby shall be the chairman of the Saudi center for competition and business until appointing a chairman according to the this paragraph.

Eighth: Continuity of applying the fiscal and administrative regulations of both the national center for competition and the Saudi center for economic business on their workers, until approving the center regulations by the board of the Saudi center of competition and business, and handling the position of those workers according to the regulations for treating employees and workers in the targeted sectors for transfer and allocation issued by the cabinet decree number (616) dated to 20-10-1442H.

Ninth: using the phrase (the Saudi center for competition and business) instead of (the national center for competition) and instead of (the Saudi center for economic business), wherever they come in the regulations, orders, bylaws, decrees, rules, etc.

Tenth: the board of the Saudi competition center and business shall have the authorities stated in paragraph (5) of the (fifth) article of the above stated organization- mentioned in (the second) article of this decree- in an agreement with the ministry of finance, and the non-petroleum revenues development center, until the enforceability of the regulations related to the national framework for the charges and the fiscal meetings issued by the cabinet decree number (611) dated to 22-8-1447H

Eleventh: 1- the Saudi center for completion and business shall be the legislative and supervising reference for the unified service, while the governmental authorities which intend to establish or operate centers for the business sector services, shall coordinate with the center to take the required approvals, notwithstanding the related regulative texts.

2- providing any service at the unified service centers- stated in paragraph (9) of article (three) of the stated organization in (second) article of this decree- without providing the service itself at the concerned authority or its branches.

Twelfth: providing services of the Saudi center of competition and business shall be through the concerned related authorities, according to paragraph (9) of article (three) of the stated organization in the second article of this decree, upon the rules approved by the center board in an agreement with the ministry of finance and the ministry of human resources and social development, while those rules should include what is related to regulating the relationship of the related parties of the concerned authorities to the center and what is related to granting them any advantages.

Thirteenth: the Saudi center of competition and business revises the regulations and the organizations, the orders and the royal bylaws and decrees according to the (first) article of this decree, and it a case it is pointed out that they need any amendment at their rules- which are related directly or indirectly to its work- it shall report what it considers suitable in that regard.