Based on the Royal Decree, all existing companies must adjust their positions in accordance with the provisions of the new Companies Law within a period not exceeding two years.

https://twitter.com/MCgovSA/status/1616390430639411202 2023-01-21 07:16:04

Based on Royal Decree No. M/132 dated 1/12/1443 AH:
All existing companies must adjust their positions in accordance with the provisions of the new Companies Law within a period not exceeding two years from the date the Law enters into force (starting from January 19, 2023 AD).
Cross business platform:
https://business.sa

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