Article 529 of the Saudi Civil Transactions Law

المادة 529 من نظام المعاملات المدنية · الفرع الأول: إنشاء عقد الشركة

Official text (Arabic)

This article has not been amended since the law was issued.

1- الشركة عقد يسهم بمقتضاه شريكان أو أكثر بتقديم حصة من مال أو عمل أو منهما معًا في مشروع لاقتسام ما ينشأ عنه من ربح أو خسارة.

2- لا تسري أحكام هذا الفصل على الشركات المقررة أحكامها في نصوص نظامية خاصة.

This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers

Explanation (Arabic)

The plain-language explanation of this article is currently available in Arabic only. An English translation is on the way.

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The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.