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Residents Investment Companies Under Foreign Investment Law (Entities Wholly Owned by a Foreign Investor)

No: 42019124 Date(g): 9/11/2020 | Date(h): 24/3/1442 Status: In-Force
110.Requirements as stated for the Residents Investment Companies under Foreign Investment Law (Mixed Ownership by National Investor and Foreign Investor) above after excluding requirements related to the National Investor
 
111.In case of Branches of Foreign Institutions, all above will apply. In addition, obtain a copy of a letter of authorization from the head office of the company or institution in the country of origin, which nominates persons authorized to sign on behalf of the company in the Kingdom in respect of all financial transactions. This copy should be certified by the Saudi Embassy