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The Mechanism for Verifying the Identity of the Partner or Shareholder when Establishing Limited Liability Companies and Joint Stock Companies, and any Amendment to the Articles of Association

No: 42001941 Date(g): 1/9/2020 | Date(h): 14/1/1442 Status: In-Force

Translated Document

Reference to SAMA's receipt of the letter from His Excellency the Minister of Commerce No. (00196) dated 05/01/1442H, which mentions the issuance of his Excellency's decision number (632) dated 16/11/1441 H, which includes the development of a mechanism for verifying the identities of partners or shareholders when establishing companies or amending their bylaws.

Attached is a copy of the Ministerial Decision mentioned above.