FAQs for Implementing Regulations

The content of this page shall not prejudice the provisions of the Capital Market Law, the Companies Law, their Implementing Regulations or other relevant laws. The content of this page shall not be considered an alternative to the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations. In the event of any conflict between the content of this page and the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations, those Laws and Regulations shall prevail. And as the Implementing Regulations issued by the CMA are subject to constant update, reliance shall be always on the Regulations published on CMA's website.

 

    Category
    Can the Board of Directors reject the Audit Committee's request to call for a General Assembly Meeting in accordance with what is stated in paragraph (3) of Article 56 of the Corporate Governance Regulations?
    What is the format of the disclosure register of the board members and executive management mentioned in paragraph (1) of Article (89) of the Corporate Governance Regulations?
    Should the company appoint the auditor on an annual basis?
    What are the criteria for determining the material developments set out in Article (79) of the Rules on the Offer of Securities and Continuing Obligations?
    What is the purpose for the Board of Directors to develop an internal policy that explains the procedures of its activities as set out in paragraph (c) of Article (34) of the Corporate Governance Regulations?
    When is the beginning for calculating the maximum period for the term of office of the external auditor and the partner supervising the audit work at the external auditor mentioned in Article (3) of the Implementing Regulation of the Companies Law for Lis
    May a foreign financial institution carry out securities business outside the Kingdom with a company established outside the Kingdom, which is an affiliate of a Saudi issuer, without obtaining a license from the Authority to practice securities busines
    Does Article (10) of the Investment Account Instructions apply to a legal person when issuing a power of attorney to open or operate its investment account?
    In the event where a shareholder exercises his right to nominate those he deems appropriate for a membership of the Board of Directors in the General Assembly, is that shareholder considered a member in the Board of Directors?
    Is the Board member required to obtain an authorisation, pursuant to Article (27) of the Companies Law, from the Ordinary General Assembly on the businesses and contracts that are executed for the Company's account to meet personal needs?
    Is the Board member required to obtain an authorisation from the Ordinary General Assembly in accordance with Article(27) of the Companies Law on the businesses and contracts that are executed for the Company's account, and in which a Board member has a d
    What is the procedure taken toward the issuer whose accumulated loss reaches 50% or more of its paid capital when registering an application with the court for commencing a financial restructuring procedure for the issuer in accordance with the Bankruptcy
    What is the procedure taken toward the issuer when the court issues its decision terminating the financial restructuring procedure and commencing the liquidation or administrative liquidation procedure for the issuer in accordance with the Bankruptcy Law?
    What are the methods available for foreign strategic investors to own Strategic Shareholdings in listed companies?
    What are the disclosure requirements that the foreign strategic investor shall comply with?
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