The Legal Regime of Transfer of Shares in the Kingdom of Saudi Arabia

Abstract

Mergers and acquisitions are pivotal in shaping the business landscape, especially when it comes to the consolidation and expansion of companies. As these transactions unfold, it is essential to consider the legal frameworks that govern such complex processes. The Kingdom of Saudi Arabia has undertaken significant amendments to its Companies Law, aiming to create a more favorable business environment, enhance investor confidence, and align with global corporate trends. The introduction of the 2023 Companies Law represents a crucial development in Saudi Arabia's journey toward economic modernization. These changes, coupled with updates to regulations by the Capital Market Authority (CMA), are designed to streamline merger and acquisition activities. To critically assess the effectiveness of these reforms, this dissertation compares Saudi Arabia’s legal framework with that of developed countries, particularly the UK. This research seeks to contribute meaningfully to the ongoing transformation of Saudi Arabia's legal regime in the realm of mergers and acquisitions.