Provisions for Not-For-Profit Companies Under New Companies Law
Explore our New Companies Law Series Below: Provisions for Not-For-Profit Companies Under New Companies Law The Not-for-Profit sector in the Kingdom of Saudi Arabia has great economic potential and is poised for rapid growth. In line with Vision 2030, Saudi Arabia set up a National Center for Non-Profit Sector in 2019 with the objective of developing the Non-Profit sector and achieving greater impact in the social and economic arenas through different means. With the enactment of the new Companies Law of 1443 H. (Law) in Saudi Arabia, new provisions have been implemented for Not-for-Profit companies (NPC) in Saudi Arabia to help that the nature and objectives of NPCs are maintained through their existence and closure. In this downloadable PDF, we have created