Month: May 2022

Reading time: < 1 MinuteThe Trade and Investment Committee of the Council of the importance of developing effective integrative initiatives to correct the course of the small enterprises sector to enable it to grow and promote localization in proportion to the size of the sector and its challenges, this came during the committee's discussion of the annual report of the General Authority for Small and Medium Enterprises for the fiscal year 1442/1443. The committee examined the solutions needed to address the challenges facing small and medium enterprises ... Read more

Reading time: < 1 MinuteThe new Real Estate Registration Law specifies 5 cases of violation or obstruction of the implementation of the system, punishable by a fine of up to 100,000 riyals, and the new Real Estate Registration Law replaces the Real Estate Registration Law issued 20 years ago and abolishes all provisions that contradict it. Violations of the system are characterized as follows: - Failure to disclose any documents ... Read more

Reading time: < 1 MinuteThe Ministry of Justice revealed that 324 new licenses were issued for male and female lawyers during the first quarter of the current year 2022, and the number of trainee lawyers during the same period amounted to 970 male and female trainees, while the number of licenses granted to plead for legal entities such as companies and bodies amounted to 244 licenses. The Ministry indicated that the Judicial Training Center offered a range of courses within ... Read more

Reading time: < 1 MinuteThe Cabinet has approved a mechanism to deal with land on which mosques have been built that does not have fixed ownership deeds. The decision included the formation of a committee headed by the General Authority for State Real Estate, and the membership of representatives from each of the ministries of: (The decision includes the formation of a committee headed by the General Authority for State Properties, with representatives from the Ministries of Islamic Affairs, Call and Guidance, Municipal and Rural Affairs and Housing, to identify mosques built on land that does not have fixed title deeds in cities and governorates. Read more

Reading time: 2 MinutesThe Ministry of Commerce announced that the number of companies that converted to closed joint stock during the past year was 99, while the number of companies that converted to closed joint stock during the first quarter of this year amounted to 23, or 122 companies in 15 months. With regard to individual enterprises, the ministry stated that the number of those who turned into closed joint stock companies is 105 during 2021, while ... Read more