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Clarification from the Ministry of Commerce on the violations and offenses of board members and the company's director

Reading time: < 1 Minuteكشفت وزارة التجارة عن مجموعة من المخالفات والجرائم المنصوص عليها في نظام الشركات الجديد ولائحته التنفيذية، التي قد يقع فيها رئيس مجلس الإدارة أو عضو ... Read more

The ministry lists examples such as not filing financial statements or using funds and powers against the company's interests.

13/12/2023

Ministry of Commerce - Saudi Companies
Dr.. Dr. Moans Shujaa writes about: Teamwork and Startups

Executive or ownership management for family businesses

The separation of management and ownership strengthens governance, increases investor confidence, and ensures the sustainability and expansion of family businesses.

Zakat, Tax and Customs Authority

Determining the selection criterion for Group 17 to implement the “connect and integrate” phase of e-invoicing

The group includes establishments whose taxable income exceeded SAR 2.5 million in 2022 or 2023.

Off-plan real estate projects

Violations detected and reports received “Real Estate Authority” conducts 15 rounds of monitoring to ensure compliance during October

KDIPA visited 192 establishments, monitored 764 advertisements and received 271 reports during October

Evaluation Logo - Saudi Organization for Certified Valuers

Survey on modifying the compensation mechanism for expropriated property appraisers

KDIPA invites participation until November 11 to propose a mechanism to distribute fixed bonuses and assignment compensation according to clear criteria

Real Estate Authority official reveals how emerging technology is shaping the future of proptech What is it?

The General Real Estate Authority launches the Saudi Proptech Center and four initiatives to promote innovation and attract investment in real estate technologies.

Shura Council

Shura Council approves the amendment of the Saudi Building Code Implementation Law

Replace the "National Committee" with the Saudi Building Code Center and amend the text to make the Minister of Municipalities and Housing the Chairman of the Board of Directors of the Authority.

Off-plan real estate projects

Requirements for obtaining the premium sorting service from the Real Estate Authority and the application mechanism

KDIPA clarifies the documents (electronic deed, license, meters, AutoCAD plan) and the steps for automated submission through an accredited engineering office.

New initiative: Real Estate Authority allows real estate tech companies and innovators to test their products

KDIPA launches a pilot regulatory environment to enable proptech companies to test their technologies and develop regulatory frameworks.

Land Registry signs 3 agreements at Proptech Summit to empower real estate tech companies

Agreements allow Proptech companies to access trusted data via API and support sandbox initiatives

Real Estate Advertising Regulations

In detail... Draft amendments to the rules governing the provision of real estate appraisal services to financial entities

KDIPA invites interested parties to submit comments on amendments regulating real estate appraisal times and procedures and rejection conditions.

Saudi Contractors Authority - Contracting Industry

E-model contracts. What do you know about them, how to enter into them and how to benefit from them?

Saudi Contractors Authority's e-initiative for ready-to-execute contracts reduces disputes and facilitates contracting for contractors and owners

Real estate marketing

Real estate transaction tax exemptions What do they mean for the sector?

Cabinet approves new exemptions to reduce financial burdens on developers and stimulate the growth of the real estate market.

Exemptions from real estate transaction tax A comprehensive guide for beneficiaries

Detailing the cases and categories of exemptions and their conditions to promote investment and facilitate real estate transactions in Saudi Arabia

Building license via Baladi platform

Qassim Municipality conducts 24 inspection rounds to monitor construction violations

Conducted 1238 surveillance rounds in Q3 2024, issued 101 health certificates and confiscated more than 32 kilograms.

Real Estate Registry App. Learn about its most important services and how to benefit from it

The beta version offers property registration, real estate transactions, and property management via smartphones.

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