Appendix (A) Essential Documents and Materials Required for Obtaining Initial Approval
| Status: Modified |
Translated Document
Effective from Apr 20 2025 - Apr 19 2025
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Document Required to be Submitted via LICPayments@SAMA.GOV.SA | Type of Company | |
1. | A letter from the company requesting preliminary approval, signed by the owner, the Chairman of the Board, or the CEO. | Under Establishment |
2. | A decision from the owners or the Board of Directors supporting the request for preliminary approval, specifying the authorized person to submit and follow up the request. | Under Establishment |
3. | License Application Form after completion and signature by the applicant. | Under Establishment |
4. | Draft of the Articles of Incorporation showing the names of the owners and their ownership percentages. | Under Establishment |
5. | Draft of the company's bylaw. | Under Establishment (Joint Stock Companies) |
6. | Fit and Proper Form and its attachments for all major shareholders. | Under Establishment |
7. | Fit and Proper Form and its attachments for the CEO and Compliance Officer. | Under Establishment |
8. | Proof of the minimum required capital. | Under Establishment |
9. | A business plan that includes sufficient explanations of the regulatory and operational aspects. | Under Establishment |
10. | A chart of the company's ownership structure. | Under Establishment |
11. | An Organizational Structure Chart, including details of the Board of Directors structure and senior positions. | Under Establishment |
12. | Proof of reservation of the trade name with the Ministry of Commerce. | Under Establishment |