Saudi Arabia has approved and published the licensing conditions to permit foreign investors to own 100% of companies operating in the wholesale and retail trading sectors in Saudi Arabia.
Following on from our earlier Client Briefing dated 10 September 2015, the Government of Saudi Arabia has now approved the rules and regulations for issuing licenses to foreign investors for owning 100% of the capital in wholesale and retail companies in Saudi Arabia. The approval was published in the Official Gazette on 1 July 2016 (the Rules).
This briefing explains the Rules and conditions which foreign investors are required to comply with in order to own a 100% ownership interest in entities undertaking wholesale and retail activities.