News

Dr. Abdul Karim bin Ahmed Al Shehri Advocacy and Commercial Arbitration Group is pleased to announce the signing of an international cooperation agreement with the famous Chinese law firm Jingsh Law Firm

• By admin
• 22 Aug 2021
• 0

At 10 am on August 19, Saudi Arabia time, Dr. Abdul Karim bin Ahmed Al Shehri Advocacy and Commercial Arbitration Group of Saudi Arabia and Jingsh Law Firm of China held an alliance ceremony through video conference. Communicate with foreigners, conduct comprehensive and close cooperation, and jointly develop legal services market in Saudi Arabia, Middle […]

Saudi Arabia Announces Soudah Development Company (SDC)

• By admin
• 10 Aug 2021
• 0

HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, and Chairman of the Public Investment Fund (PIF), has announced the launch of Soudah Development Company (SDC) in the Asir region. The new entity, fully owned by the Public Investment Fund (PIF), will lead the development of a luxury mountain destination […]

Saudi Central Bank Launches the Instant Payment System “SARIE”

• By admin
• 10 Aug 2021
• 0

The Saudi Central Bank (SAMA) launched the instant payment system sarie, under the patronage of His Excellency Governor of the Central Bank Dr. Fahad bin Abdullah Al-Mubarak, through a virtual event organized by Saudi Payments, and attended by a number of financial and banking sectors experts and observers. Commenting on the achievement, the Central Bank […]

Saudi Arabia planning to issue new rule on foreign companies’ operation

• By admin
• 10 Aug 2021
• 0

Saudi Arabia plans to issue a new rule on foreign companies’ operation Saudi Arabian government recently announced a new ultimatum would be in force from January 2024 which states that the KSA government would cease doing business with international companies that have not established a regional office in the Kingdom. By this, the government focusing […]

Saudi Central Bank Issues Rules for Practicing Debt Crowdfunding Activities

• By admin
• 10 Aug 2021
• 0

The Saudi Central Bank (SAMA) announces the issuance of the rules for practicing debt crowdfunding activities, which aim to regulate the provisions for licensing this type of company and to regulate its conduct of activities, in accordance with the powers granted to the Saudi Central Bank under the provisions of the Finance Companies Control Law. […]

Saudi enforcement courts handled arbitration awards and conciliation deeds worth SAR 7.6 Bn

• By admin
• 10 Aug 2021
• 0

The Saudi enforcement judiciary has dealt with 75,000 arbitration awards and conciliation deeds with a total value of SAR 7.6 billion over the past five years. “These figures stress the governmental, legislative and judicial support for Alternative Dispute Resolution (ADR), including the issuance of several laws, such as the Enforcement Law, the Arbitration Law, and […]

Saudi Ministry of Justice publishes digital guide to property e-conveyance service

• By admin
• 10 Aug 2021
• 0

The Saudi Ministry of Justice (MoJ) has published a digital guide to its property e-conveyance service, detailing how to use the service provided by the Najiz.a portal. “The publication is in line with our efforts aimed at facilitating procedures for our clients and saving them time and effort,” the ministry said. “The guide includes explanations […]

Crown Prince announces 4 new Laws to reform the Kingdom’s Judicial Institutions

• By admin
• 10 Aug 2021
• 0

HRH Crown Prince Mohammed bin Salman announced that the Kingdom has taken serious steps towards developing its legislative environment during the past few years, including adopting new laws and reforming existing ones. These laws are meant to preserve rights, bolster the principles of justice, enforce transparency, protect human rights and achieve comprehensive and sustainable development, […]

Saudi Arabia plans judicial overhaul to smooth path for investors

• By admin
• 10 Aug 2021
• 0

Saudi officials are working to overhaul the country’s unpredictable judicial system by the end of this year, partly to encourage investors long deterred by the perceived arbitrariness of the kingdom’s courts. Authorities are working to codify a system that has historically granted judges wide discretion to issue rulings based on individual interpretations of Islamic law. […]