An Overview of Simplified Joint Stock Companies
Explore our New Companies Law Series Below: An Overview of Simplified Joint Stock Companies As of 19 January 2023, the new Saudi Arabian Companies Law introduced a new form of company, namely, the Simplified Joint Stock Company (SJSC). SJSCs have been designed to offer small and medium-sized enterprises (SMEs) greater flexibility to conduct their businesses while availing the benefits of a joint stock company form. SJSCs provide advantages similar to those provided by the law for limited liability companies and the benefits enjoyed by joint stock companies. To gain a comprehensive understanding of SJSCs in Saudi Arabia, AlGhazzawi & Partners has prepared a free PDF guide. This guide offers insights into the unique features of SJSCs and important features such