tiktok成人版

Memorandum And Articles Of Association Of General Trading Company Template for Saudi Arabia

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Memorandum And Articles Of Association Of General Trading Company

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Memorandum And Articles Of Association Of General Trading Company

"I need a Memorandum and Articles of Association of General Trading Company for a Saudi-owned company with three local partners, with equal shareholding, to be established in Riyadh by March 2025, focusing on domestic trade of consumer goods."

Document background
The Memorandum and Articles of Association of General Trading Company is a fundamental document required when establishing a trading company in Saudi Arabia. It serves as the constitutional document that defines the company's legal existence, governance structure, and operational framework. This document is mandatory under Saudi Companies Law 2015 and must be prepared when incorporating a new general trading company or modifying an existing one's structure. It includes essential information such as shareholder details, capital structure, management provisions, and business objectives, all while ensuring compliance with both Saudi commercial regulations and Shariah law principles. The document is particularly crucial as it forms the basis for obtaining necessary licenses and registrations from the Ministry of Commerce and other relevant authorities.
Suggested Sections

1. Parties: Identifies all founding shareholders/partners, including their full names, nationalities, addresses, and identification details as required by Saudi law

2. Background: States the intention to establish a general trading company and operate under Saudi law

3. Definitions: Defines key terms used throughout the document

4. Company Name: Specifies the company's official name in Arabic and English

5. Company Type: Declares the company type as a general trading company

6. Company Objectives: Details the permitted business activities and scope of operations

7. Head Office: States the location of the company's registered office

8. Capital: Specifies the company's capital amount and division of shares/stakes

9. Shares/Stakes: Details the allocation and terms of shares/stakes among partners

10. Management: Outlines the management structure, appointment of managers, and their powers

11. Shareholders Meetings: Procedures for conducting shareholder meetings and decision-making processes

12. Financial Affairs: Covers fiscal year, accounts, auditing, and profit distribution

13. Duration: States the company's duration and renewal terms

14. Dissolution and Liquidation: Procedures for company dissolution and asset distribution

15. Notices: Methods of communication between shareholders and the company

16. Governing Law: Confirms Saudi law as the governing law and jurisdiction

Optional Sections

1. Non-Competition: Restrictions on shareholders engaging in competing businesses, included when partners want to protect company interests

2. Share Transfer Restrictions: Detailed procedures for share transfers, included when partners want specific controls over ownership changes

3. Preemptive Rights: Rights of existing shareholders to purchase new shares, included when protecting against dilution is important

4. Tag-Along Rights: Protection for minority shareholders in case of majority stake sale, included for minority shareholder protection

5. Drag-Along Rights: Rights of majority shareholders to force minority participation in sale, included for exit flexibility

6. Deadlock Resolution: Procedures for resolving management deadlocks, included for companies with equal shareholding

7. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles, included when relevant to operations

Suggested Schedules

1. Share Capital Details: Detailed breakdown of share capital allocation and payment status

2. Shareholders Information: Complete details of shareholders including contact information and representatives

3. Business Activities: Comprehensive list of approved business activities with respective ISIC codes

4. Management Structure: Detailed organizational structure and reporting lines

5. Powers of Attorney: Templates or copies of powers of attorney for authorized representatives

6. Initial Board Resolutions: First resolutions passed by the board establishing operational procedures

7. Shareholder Agreements: Any supplementary agreements between shareholders

8. Company Policies: Key internal policies and procedures referenced in the main document

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

General Trading

Import/Export

Retail

Wholesale

Distribution

Commercial Services

Consumer Goods

Industrial Products

Raw Materials

Logistics

E-commerce

International Trade

Relevant Teams

Legal

Corporate Governance

Compliance

Finance

Board Secretariat

Risk Management

Corporate Affairs

Shareholder Relations

Business Development

Commercial Operations

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Corporate Secretary

Legal Counsel

Compliance Officer

Chief Financial Officer

Board Director

Managing Director

Commercial Director

Business Development Manager

Company Registrar

Shareholder Relations Manager

Corporate Governance Officer

Risk Management Officer

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

Find the exact document you need

Memorandum And Articles Of Association Of General Trading Company

A foundational legal document under Saudi Arabian law that establishes and governs the structure and operations of a general trading company.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.