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Certificate Of Articles Of Incorporation Template for Saudi Arabia

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Key Requirements PROMPT example:

Certificate Of Articles Of Incorporation

"I need a Certificate of Articles of Incorporation for a Saudi limited liability company in the technology sector, with three founding shareholders (two Saudi nationals and one UAE national), with a capital of 500,000 SAR, to be established by March 2025."

Document background
The Certificate of Articles of Incorporation is a mandatory document required for establishing any company in Saudi Arabia. It serves as the primary constitutional document that governs the company's existence and operations. This document is required by the Saudi Companies Law 2015 and must be filed with the Ministry of Commerce as part of the company registration process. The Certificate includes crucial information about the company's structure, including capital requirements, shareholding patterns, management framework, and business activities. It forms the basis for all corporate governance matters and is essential for obtaining necessary licenses and permits. The document must be drafted in Arabic and may include an English translation, though the Arabic version remains legally authoritative. Any subsequent modifications to the Articles must follow specific procedures and obtain necessary governmental approvals.
Suggested Sections

1. Article 1: Company Name and Type: States the official company name in Arabic and English, and specifies the type of company (e.g., LLC, Joint Stock Company)

2. Article 2: Company Purpose: Detailed description of all business activities the company is authorized to conduct

3. Article 3: Company Location: Specifies the company's headquarters location and provisions for establishing branches

4. Article 4: Duration: States the duration of the company's existence (fixed term or indefinite)

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

6. Article 6: Ownership Structure: Names and details of all shareholders/partners and their respective ownership percentages

7. Article 7: Management Structure: Defines the management structure, including board of directors or managers

8. Article 8: Shareholder Meetings: Procedures for conducting shareholder meetings and voting mechanisms

9. Article 9: Financial Year and Accounts: Specifies the financial year and requirements for maintaining accounts

10. Article 10: Profit Distribution: Rules for the distribution of profits and handling of losses

11. Article 11: Company Dissolution: Conditions and procedures for company dissolution and liquidation

Optional Sections

1. Foreign Investment Provisions: Required when there are foreign shareholders, detailing compliance with foreign investment regulations

2. Shareholder Loans: Terms for shareholder loans if applicable to the company structure

3. Share Transfer Restrictions: Specific restrictions on the transfer of shares beyond statutory requirements

4. Preemptive Rights: Detailed provisions for shareholders' preemptive rights in future capital increases

5. Reserved Matters: List of decisions requiring special majority or unanimous approval

6. Intellectual Property Rights: Provisions regarding ownership and protection of intellectual property

7. Non-Competition Provisions: Restrictions on shareholders' involvement in competing businesses

Suggested Schedules

1. Schedule 1: Shareholder Details: Detailed information about shareholders including ID numbers, addresses, and contact information

2. Schedule 2: Capital Contributions: Detailed breakdown of each shareholder's capital contribution

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

4. Schedule 4: Board Members/Managers: Detailed information about initial board members or managers including their powers

5. Schedule 5: Share Classes: Details of different share classes and associated rights if applicable

6. Appendix A: Shareholders' Resolution: Initial shareholders' resolution approving the incorporation

7. Appendix B: Required Governmental Approvals: Copies of pre-approval letters and licenses from relevant authorities

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

Relevant legal definitions













































Clauses




































Relevant Industries

Manufacturing

Technology

Financial Services

Healthcare

Real Estate

Retail

Professional Services

Construction

Energy

Transportation

Education

Hospitality

Agriculture

Mining

Media and Entertainment

Telecommunications

Relevant Teams

Legal

Corporate Governance

Compliance

Finance

Board of Directors

Executive Leadership

Corporate Affairs

Risk Management

Investment

Operations

Company Secretariat

Shareholder Relations

Relevant Roles

CEO

Managing Director

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Board Director

Chief Financial Officer

Business Development Manager

Operations Director

Risk Manager

Corporate Governance Officer

Shareholder Relations Manager

Investment Manager

General Counsel

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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Certificate Of Articles Of Incorporation

A foundational legal document under Saudi Arabian law that establishes a company's existence and defines its basic structure and operations.

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