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Article Of Organization Form

Article Of Organization Form Template for Saudi Arabia

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Key Requirements PROMPT example:

Article Of Organization Form

"I need an Article of Organization Form for a Saudi-based technology consulting company with three local partners, planning to start operations in March 2025, with a capital of 500,000 SAR and potential future foreign investment provisions."

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Document background
The Article of Organization Form is a mandatory legal document required for establishing any company in Saudi Arabia. This document is essential when founders wish to create a new business entity and must be filed with the Ministry of Commerce. It contains critical information about the company's structure, including capital allocation, shareholder information, management framework, and operational guidelines. The document must comply with the Saudi Companies Law of 2015, related ministerial resolutions, and Shariah principles. It serves as the primary reference for corporate governance and must be prepared with careful attention to legal requirements, including minimum capital requirements, Saudi/foreign ownership ratios, and specific sector regulations. The Articles of Organization Form becomes the company's constitutional document upon approval and registration with relevant authorities.
Suggested Sections

1. Article 1: Company Name and Form: Legal name of the company, type of legal entity, and confirmation of Saudi Companies Law compliance

2. Article 2: Company Objectives: Detailed description of permitted business activities and scope of operations

3. Article 3: Principal Office: Official registered address and provisions for establishing branches

4. Article 4: Company Duration: Term of the company's existence and renewal provisions

5. Article 5: Capital Structure: Details of company capital, number and types of shares/units, and their value

6. Article 6: Ownership Structure: Names of founders/shareholders, their nationalities, and ownership percentages

7. Article 7: Management Structure: Governance framework, appointment of managers, and their powers

8. Article 8: Shareholders Meetings: Procedures for conducting meetings, voting rights, and decision-making processes

9. Article 9: Financial Affairs: Fiscal year definition, accounting practices, and profit distribution

10. Article 10: Statutory Reserve: Requirements for maintaining statutory reserves as per Saudi law

11. Article 11: Share Transfer Restrictions: Rules and procedures for transferring ownership interests

12. Article 12: Dissolution and Liquidation: Procedures for company dissolution and asset distribution

Optional Sections

1. Preemptive Rights: Additional provisions for existing shareholders' rights in new share issuances

2. Shariah Compliance: Specific provisions ensuring business operations comply with Islamic law principles

3. Dispute Resolution: Detailed procedures for handling internal disputes and choice of jurisdiction

4. Non-Competition: Restrictions on shareholders/managers engaging in competing businesses

5. Technology and IP Rights: Provisions regarding ownership and protection of intellectual property

6. Foreign Investment Provisions: Special provisions required when foreign investors are involved

7. Committee Formation: Establishment of special committees for specific purposes (e.g., audit, compensation)

Suggested Schedules

1. Schedule 1: Shareholders Information: Detailed information about shareholders including ID numbers and contact details

2. Schedule 2: Capital Contributions: Detailed breakdown of initial capital contributions and payment schedule

3. Schedule 3: Business Activities: Comprehensive list of approved business activities with their official codes

4. Schedule 4: Management Structure Chart: Organizational chart showing management hierarchy and reporting lines

5. Schedule 5: Powers of Attorney: List of authorized signatories and their delegated powers

6. Appendix A: Shareholders Resolution: Initial shareholders' resolutions establishing the company

7. Appendix B: Required Government Approvals: List of obtained permits and licenses

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































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Relevant Industries

Manufacturing

Technology

Real Estate

Professional Services

Retail

Healthcare

Financial Services

Construction

Education

Hospitality

Logistics

Energy

Agriculture

Mining

Media and Entertainment

Relevant Teams

Legal

Corporate Governance

Compliance

Executive Leadership

Administrative

Government Relations

Finance

Risk Management

Board of Directors

Corporate Affairs

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Corporate Secretary

Chief Financial Officer

Compliance Officer

Government Relations Manager

Board Member

Company Director

General Counsel

Business Development Manager

Operations Director

Risk Manager

Administrative Manager

Shareholder Representative

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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