Legislation & Regulations

Ministry of Commerce calls on companies to comply with filing their approved financial statements

Reading time: < 1 MinuteThe Ministry of Commerce has called on companies to comply with the requirement to file their audited financial statements through the "Qawa’im" electronic filing system, either through licensed public accounting firms or directly via the company’s website.

20/11/2022

Ministry of Commerce - Commercial Register
Trade secrets protection system

Three years imprisonment and a fine of one million riyals: A draft of strict regulations to protect trade secrets.

A new draft law sets out the conditions for legal protection of trade secrets, and criminalizes their seizure or deliberate disclosure with the right to compensation.

His Highness the Crown Prince chaired the Cabinet session and approved the Commercial Transactions Law.

The Cabinet approves the Commercial Transactions System

The Cabinet reviews government performance indicators, approves the commercial transactions system, a housing agreement with Syria, and the restructuring of the National Water Council.

Want to sell a property mortgaged to the bank? Steps to transfer ownership and conditions for releasing the mortgage.

Can a property mortgaged to a bank be sold in Saudi Arabia? Learn about the conditions for transferring ownership, the mechanism for settling the debt and releasing the mortgage, and the steps that must be followed before completing the deal.

Regulations for fencing construction sites: requirements for commercial and residential buildings and fees for occupying sidewalks

The ministry's guide standardizes the specifications for temporary fences and links them to project sites, with a grace period for commercial establishments and fees for occupying sidewalks.

Early repayment of mortgage financing: How to calculate the amount and determine the size of the savings?

Learn how to calculate early repayment for mortgage financing in Saudi Arabia, the compensation allowed by law, and an example with numbers to help you make a decision.

Warnings issued regarding 8 violations, some related to architectural heritage, with fines reaching up to 50,000 riyals.

The authority called on owners of antiquities and facilities to comply with licensing and regulatory disclosure requirements, and prohibited practices that compromise the safety of historical sites and artifacts.

Before selling your property... 5 obligations to review before transferring ownership

Selling your property in Saudi Arabia? Learn about real estate transaction tax, mortgage release requirements, transfer documents, and financial obligations that should be reviewed before transferring ownership.

I bought a property in Saudi Arabia... How do I transfer the electricity meter to my name?

Learn about the steps to document the electricity meter after purchasing a property in Saudi Arabia, the data required to update the beneficiary, and how to check the meter status through the Saudi Energy website and application.

Trade secrets protection system

New enforcement regulations: Property must be vacated within 5 working days from the date of notification.

The new regulations define the rules for evacuation and exceptional extension, while protecting the occupants of the housing, notifying the supervising authorities, and starting implementation in October 2026.

White Land Fees Program

«The Ministry of Municipalities and Housing is seeking public opinion on new amendments to vacant land fees.

The amendment project stipulates the payment of white land fees before documenting the transfer of ownership, with exceptions allowed by a decision of the ministerial committee.

Want to convert an apartment into an office or business? 7 things to check before you begin

Learn about the conditions for converting a residential apartment into an office or business, and the importance of checking approved use, municipal licenses, safety and landlord approvals before starting.

Did you buy a property? Here's how to transfer your electricity and water meters to your name.

Did you buy a new property? Discover how to transfer electricity and water meters to your name electronically, the most important documents required, and how to deal with previous bills.

Urgent: The Cabinet approves regulations for integrated circuit layout designs, designs, and patents.

The council also praised the growth of foreign investments and the outcomes of economic conferences within the objectives of Saudi Vision 2030.

Before buying an apartment in Saudi Arabia... 10 clauses in the contract that protect you from disputes

10 items to review before buying an apartment in Saudi Arabia, from price, tax, and payment schedule to delivery, guarantees, maintenance fees, and contract termination terms, with links to official regulations.

Your guide to detecting risks: 8 signs to check the safety of shared accommodation

The «Amlak» report provides your guide to checking the safety of shared accommodation through 8 indicators, in addition to the responsibilities of owners and operators.

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