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 |
Effective from 2020-07-06 - Jul 05 2020
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Reference to the Central Bank's receipt of the letter from His Excellency the Minister of Commerce, number (00196) dated 1442/01/05 AH, which mentions the issuance of his Excellency's decision number (632) dated 1441/11/16 AH, which includes the development of a mechanism for verifying the identities of partners or shareholders when establishing companies or amending their founding contracts.
Attached is a copy of the ministerial decision mentioned above.