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Articles Of Incorporation Organization
"I need Articles of Incorporation Organization for a new Saudi LLC in the technology sector, with three local shareholders and SAR 500,000 initial capital, planning to start operations in March 2025."
1. Introduction and Company Name: States the company's official name in Arabic and English, and establishes the document as Articles of Incorporation
2. Company Type: Specifies the legal form of the company (e.g., LLC, Joint Stock Company)
3. Company Objectives: Details the permitted business activities and scope of operations
4. Principal Office: States the location of the company's head office and provisions for branches
5. Capital and Shares: Specifies the company's capital structure, share value, and distribution
6. Shareholders: Lists the founding shareholders with their details and shareholding percentages
7. Management Structure: Defines the management framework, board composition, and authority levels
8. Shareholder Meetings: Procedures for conducting general and extraordinary shareholder meetings
9. Financial Affairs: Fiscal year definition, accounting requirements, and profit distribution
10. Duration: States the company's duration or whether it's perpetual
11. Dissolution and Liquidation: Procedures for company dissolution and asset distribution
1. Preemptive Rights: Details shareholders' rights in new share issuances, used when shareholders want additional protection
2. Share Transfer Restrictions: Additional restrictions on share transfers beyond statutory requirements
3. Tag-Along Rights: Minority shareholder protection provisions, recommended for companies with multiple shareholders
4. Executive Committee: Required only for larger companies establishing additional management committees
5. Shariah Board: Required for companies engaging in financial or investment activities requiring religious compliance
6. Foreign Investment Provisions: Required when foreign shareholders are involved
7. Intellectual Property Rights: Required for companies with significant IP assets or technology focus
1. Schedule 1 - Shareholder Information: Detailed information about shareholders including ID numbers, addresses, and contact details
2. Schedule 2 - Capital Contributions: Detailed breakdown of capital contributions and payment schedule
3. Schedule 3 - Business Activities: Comprehensive list of approved business activities with their official codes
4. Schedule 4 - Board Members: Details of initial board members including their qualifications and positions
5. Schedule 5 - Powers of Attorney: List of initial authorized signatories and their powers
6. Appendix A - Shareholder Resolution: Initial shareholder resolution approving the Articles
7. Appendix B - Company Registration Documents: Copies of preliminary registration documents and licenses
Authors
Financial Services
Manufacturing
Real Estate
Technology
Healthcare
Retail
Professional Services
Construction
Energy
Transportation
Education
Telecommunications
Agriculture
Mining
Tourism
Legal
Corporate Governance
Compliance
Executive Leadership
Board of Directors
Corporate Affairs
Finance
Risk Management
Shareholder Relations
Investment
Company Secretariat
Chief Executive Officer
Chief Legal Officer
Company Secretary
Corporate Lawyer
Legal Counsel
Compliance Officer
Board Director
Chief Financial Officer
Corporate Governance Officer
Managing Director
Shareholder Relations Manager
Investment Director
Business Development Manager
Risk Management Officer
Corporate Affairs Manager
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