.Re-Allocation of Shares or Exit/ Entry of Shareholders or Merge Companies

This service is provided to companies that wish to modify shares between partners or the entry or exit of other partners according to a documented agreement between them, or establishments licensed by the Ministry of Investment and wishing to merge into another existing company of its kind or another type, or to combine two or more companies to establish a new company.

Service Price and Execution Period

Service Fees: 5,000.00 SAR
Tax: 15%
Government Fees: 0 SAR
Execution Period: 5
Government Approval Time: 2

Required Documents

Documents of the new partner/partners in the event that partners enter a new company or a new investor.
In the event of a merger of companies: A letter/decision from the partners for each company to merge, specifying the number of shares or shares belonging to each company in the capital of the merging company or company. Arising from the merger certified by the Chamber Commercial.
National Address.
A copy of the national IDs for partners and managers (Either Saudis or residents).
A copy of the investment license.

Service Conditions

Consistency between the total percentage of the Saudi (shareholder / shareholders) and the capital according to the financial limits set forth for the type of activity.
The entity shall abide by the procedures of amending shareholders’ resolution and the registration of the commercial register within (30) days from the date of amending the investment license, and (60) days for the merged companies, otherwise Ministry of Investment shall be entitled to return the license data to the previous situation.
If a partner is previously licensed by the Ministry of Investment, this needs to be clarified when filling out partners' data during application.
In the event of merging companies - each party must issue a merger decision to amend that company’s articles of incorporation or articles of association. The merger must be for foreign legal entities only, and it is necessary to address the status of the investment license of the merged company immediately after approving the merger by submitting a cancellation request. In the event of Difference in the type of license for the merging and merging company. The license of the merging company is maintained as a branch of the merging company.
Required Data: (Email - Abshir Phone Number - Partners & Managers IDs)
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