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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."
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
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
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
General Trading
Import/Export
Retail
Wholesale
Distribution
Commercial Services
Consumer Goods
Industrial Products
Raw Materials
Logistics
E-commerce
International Trade
Legal
Corporate Governance
Compliance
Finance
Board Secretariat
Risk Management
Corporate Affairs
Shareholder Relations
Business Development
Commercial Operations
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
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.
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