Amendment of articles of association/statute

Terms and requirements:

1- Having a valid commercial register.

2- The existence of an investment license if the company is foreign or mixed.

3- The existence of an extraordinary general assembly resolution or a shareholders’ resolution if the company is (joint stock or simplified joint stock).

4- The company must not be suspended by the Ministry of Commerce, the Zakat, Tax and Customs Authority for the second and third levels.

5- The following must be verified if the company’s status is (professional):

1- Observing the legal quorum, in the event of a change in the Board of Directors or the management.

2- The partner must be licensed, if the amendment is to add a professional partner.

6- Verify if the company is (limited liability, limited partnership, or joint liability):

1- Approval from the Saudi Central Bank if the activity requires it.

2- Amending the investment license if required.

3- The managers shall not be government employees.