Minister of Human Resources and Social Development Ahmed Al-Rajhi approved the executive regulations of the Job Discipline Law.The executive regulations state that one or more committees would be formed in the government entity to look into violations committed by employees and investigate them.Committee members are barred from examining or investigating violations of their direct managers...Read More
Saudi cabinet approved the law of evidence to develop the legislative system.Prince Mohammed said the law meets the requirements of developments in social and economic aspects of life.The law of evidence will achieve a “major qualitative leap in the judicial legislation system, the crown prince said.Prince Mohammed thanked King Salman for his constant support for...Read More
The Ministry of Justice (MoJ) said that the enforcement sector recorded excellent progress in 2021 in terms of digital transformation.The enforcement e-system (Tanfith) was launched at enforcement courts to improve efficiency and save clients time and effort.The courts received over 800,000 applications that were processed fully electronically. This move reduced the procedural steps and consolidated...Read More
Saudi Central Bank (SAMA) updated rules for practicing debt crowdfunding activities.The rules were earlier published on the Public Consultation Platform to seek public opinions before being updated.The new rules of practicing debt crowdfunding aim to redefine beneficiaries, to include all commercial establishments registered in the Kingdom, which seek to raise finance through the debt crowdfunding...Read More
The Board of Directors at the Saudi National Center for Privatization and PPP (NCP) has approved the Private Sector Participation (PSP) Law Implementing Regulations.The Implementing Regulations, which were set according to international practices and local experiences, replace the Privatization Projects Manual and the rules of conduct of the supervisory committees of privatization targeted sectors.The regulations...Read More
Unlike European and North American businesses, the MENA region, in general, has not had to deal with complex data protection legislation.However, the newly enacted Personal Data Protection Law (PDPL) on September 24, 2021, which will come into effect on March 23, 2022, has led to the imposition of national regulation on businesses across the Kingdom...Read More
The Saudi Ministry of Investment launched a new service to set up and start business from outside the Kingdom in three steps, a new service that opens wide horizons for investors and companies.The new service, which was inaugurated in many of the Kingdom’s embassies, associates with the Ministry of Commerce and the Ministry of Foreign...Read More
