The Ministry of Commerce and <a style="color: #993300;" href="https://cma.org.sa/Pages/default.The Capital Market Authority (CMA) has announced that the new New Companies Law and its executive regulations are effective as of today, Thursday.

The Ministry and the Authority stressed the contribution of the new system in enabling companies to grow and expand, address challenges and keep pace with economic developments in the Kingdom at all levels, in order to achieve the goals and initiatives of the Kingdom Vision 2030 programs.

They stressed the role of the new system in enabling companies to grow and expand, address challenges and keep pace with economic developments in the Kingdom at all levels. They also pointed to its role in regulating the provisions related to companies of all forms, within a unified legislative document, as part of their efforts to complete the modernization and reform of commercial and investment legislation and systems in the Kingdom.

<The Ministry and the Authority had previously clarified the mechanism of applying the new Companies Law, as an extension of their joint efforts to achieve integration and harmony in the application of the law, in order to contribute to achieving its objectives.

<a style="color: #993300;" href="https://amlak.net.The new Companies Law is expected to enhance the regulatory environment for companies, facilitate procedures and statutory requirements to stimulate the business environment and support investment, balance stakeholders, provide an effective and fair framework for corporate governance, and institutionalize institutional work, in addition to its effective contributions to the sustainability of economic entities, attract local and foreign investments, provide sustainable funding sources, meet the needs and requirements of the entrepreneurial sector, and stimulate the growth of small and medium enterprises.