First Steps for Establishment in the Kingdom of Saudi Arabia

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Content:
The Kingdom of Saudi Arabia has witnessed increased interest from local and international investors in investing in the Saudi market during the recent period, as the Kingdom provides an attractive investment environment characterized by political and economic stability and ease of procedures.
The Ministry of Commerce and Investment has emphasized the importance of proper establishment of companies and commercial institutions in the Kingdom, as this contributes to ensuring that business operations are conducted legally and in an organized manner according to the applicable systems and regulations.
The most important first steps for establishment in the Kingdom include:
1- Choosing a commercial name for the company or institution and verifying its availability at the Ministry of Commerce.
2- Determining the type of commercial activity and field of work.
3- Determining the legal form of the company (individual institution, partnership company, joint-stock company, etc.).
4- Preparing the articles of incorporation and the company’s bylaws.
5- Obtaining the commercial register and activity practice permits.
6- Opening a bank account in the company’s name.
Statistics indicate that the number of new commercial companies and institutions established in the Kingdom during the past year reached about 45,000 establishments, compared to 38,000 establishments in the previous year, an increase of 18%.
This increase comes amid the great efforts made by the Saudi government to improve the business environment and facilitate establishment procedures, through adopting initiatives such as “Invest in Saudi Arabia” and “Investor’s Guide.”
In conclusion, proper establishment of companies and commercial institutions in the Kingdom is a fundamental step to ensure business success and benefit from the promising investment opportunities provided by the Saudi market.

السعودية الاخبارية ، موقع إخباري شامل يهتم بتقديم خدمة صحفية متميزة للقارئ، وهدفنا أن نصل لقرائنا الأعزاء بالخبر الأدق والأسرع والحصري بما يليق بقواعد وقيم الأسرة السعودية، لذلك نقدم لكم مجموعة كبيرة من الأخبار المتنوعة داخل الأقسام التالية، الأخبار العالمية و المحلية، الاقتصاد، تكنولوجيا ، فن، أخبار الرياضة، منوعات و سياحة.

اخبار تهمك

  • Maryam: Saudi Student Shines in Electronic Innovation

    Riyadh – Saudi student Maryam has achieved remarkable success in the field of technology and innovation, securing first place in the “Innovation in Electronic Systems” competition recently organized by King Saud University.

    Maryam, a 21-year-old fourth-year student in the College of Engineering majoring in Computer Engineering, designed an intelligent system for monitoring air quality in enclosed spaces using artificial intelligence technologies.

    In a statement to “Al-Riyadh Newspaper,” Maryam said: “My goal for this project was to provide a practical solution to the problem of indoor air pollution, which affects human health. I used advanced sensors and intelligent algorithms to analyze the surrounding environment and provide immediate recommendations.”

    She added: “I am proud to represent Saudi women in the field of science and technology, and I aspire to contribute to developing innovative solutions for our community’s problems.”

    Dr. Ahmed Al-Zahrani, Dean of the College of Engineering, praised Maryam’s achievement, saying: “This victory is a culmination of our university’s efforts to support and encourage creative students. Maryam is a role model for Saudi women excelling in scientific and technological fields.”

    Maryam received a financial prize of 50,000 Saudi Riyals, in addition to an opportunity to incubate her project in the university’s technology business incubator.

    It’s worth noting that this is not Maryam’s first achievement in the field of innovation. She previously won second place in the “Hajj Hackathon” in 2022 for a project aimed at facilitating pilgrims’ movement using a smart application.

    This achievement comes within the framework of the efforts made by the Kingdom of Saudi Arabia to empower women and support their participation in science, technology, and innovation sectors, in line with Saudi Vision 2030.

  • مالكوم.. نجاح جديد للدوري السعودي بصفقة “كسرت الإنترنت”

    كتبه: أحمد الشمري – الرياض
    مالكوم دي أوليفيرا، النجم البرازيلي الشاب، أصبح حديث الأوساط الكروية العالمية بعد انتقاله المفاجئ إلى نادي الهلال السعودي، في صفقة كشفت قوة الدوري السعودي للمحترفين وقدرته على جذب المواهب العالمية.
    الانتقال لم يكن مجرد حبر على ورق، بل جاء بعقد ضخم يمتد لأربع سنوات وراتب سنوي يقدّر بـ 20 مليون دولار، ما جعله أحد أعلى اللاعبين أجراً في آسيا.
    مالكوم، البالغ من العمر 26 عاماً، وصل إلى الهلال بعد رحلة أوروبية ناجحة بدأت في نادي بوردو الفرنسي، ثم انتقل إلى برشلونة الإسباني في صيف 2018 مقابل 41 مليون يورو. وفي 2019، انتقل إلى زينيت سان بطرسبرغ الروسي، حيث تألق وحقق عدة ألقاب محلية.
    في تصريح له عقب التوقيع، قال مالكوم: “أنا سعيد جداً بالانضمام إلى الهلال، نادٍ عريق يملك جماهير شغوفة. أتطلع لتقديم أفضل ما لدي ومساعدة الفريق على تحقيق البطولات”.
    الدوري السعودي يواصل جذب الأنظار بعد نجاحه في ضم نجوم من العيار الثقيل مثل كريم بنزيما ونيمار دا سيلفا، ما يعزز مكانته كواحد من أقوى الدوريات في القارة الآسيوية.
    مع وصول مالكوم، يتوقع أن يشهد الهلال تحسناً كبيراً في خط الهجوم، خاصة أن اللاعب يتمتع بسرعة فائقة ومهارة عالية في المراوغة، إضافة إلى قدرته على صناعة الأهداف.
    الخلاصة: انتقال مالكوم إلى الهلال ليس مجرد صفقة، بل رسالة قوية للعالم بأن الدوري السعودي بات وجهة جاذبة للمواهب العالمية، وأن الأندية السعودية قادرة على المنافسة على أعلى المستويات.

  • Founding Day: Commemorating the Establishment of the First Saudi State

    On Tuesday, February 22, 2022, Saudi Arabia celebrated the Founding Day, commemorating the declaration of the establishment of the First Saudi State by Imam Muhammad bin Saud in 1727. On January 27, 2022, King Salman bin Abdulaziz issued a royal decree designating February 22 of each year as the anniversary of the founding of the Saudi state, known as “Founding Day,” and making it an official holiday.

    Crown Prince Mohammed bin Salman expressed pride in the founding of the First Saudi State by Imam Muhammad bin Saud nearly three centuries ago, considering it a dear occasion for all citizens. He emphasized that Founding Day marks the beginning of a bright chapter in the history of the Arabian Peninsula, where the First Saudi State succeeded in uniting the tribes and regions of Najd under one banner and establishing the foundations of security and stability in the region.

    The Founding Day celebrations included various events and activities across the Kingdom, with streets and squares adorned with national flags and decorations, military parades and folk festivals held, and schools and institutions organizing national programs to introduce the history and heritage of the Kingdom.

    Dr. Abdullah Al-Maghlouth, a professor of history at King Saud University, stated that Founding Day represents a valuable opportunity to learn about the deep roots of the Saudi state, which has spanned nearly 300 years through three successive Saudi states. He added that the establishment of the First Saudi State by Imam Muhammad bin Saud was a historical turning point in the Arabian Peninsula, where it succeeded in uniting the tribes of the Najd region and establishing the foundations of stability and prosperity.

    Al-Maghlouth noted that the First Saudi State continued until 1818, when it fell to the Egyptian army led by Ibrahim Pasha, before the Second Saudi State was established in 1824 by Imam Turki bin Abdullah bin Muhammad Al Saud, which lasted until 1891. Then, the Third Saudi State was founded by King Abdulaziz Al Saud in 1902, which evolved into the present-day Kingdom of Saudi Arabia.

    Dr. Fahd Al-Samari, the head of the King Abdulaziz Center for National Dialogue, affirmed that Founding Day is a precious national occasion for Saudis, as they recall the sacrifices of their fathers and grandfathers in building national unity. He added that this occasion comes within a series of national occasions that the Kingdom is keen to celebrate, such as the National Day and the anniversary of the pledge of allegiance to the Crown Prince, in order to enhance national belonging and pride in the

  • Saleh Al-Mughamis: The Literary and Cultural Legacy of One of Al-Qassim’s Prominent Figures

    In the literary and cultural history of the Qassim region, the name Saleh bin Suleiman Al-Maghmasi holds a distinguished position as one of the most prominent figures who left a clear mark on the development of intellectual and cultural life in the region.

    Al-Maghmasi was born in Buraidah, Qassim, and was known for his diverse contributions across various literary and cultural fields. He was a model of a encyclopedic scholar who combined knowledge of Islamic jurisprudence, language, and literature, making him a scientific and literary reference in the region.

    Throughout his rich career, Al-Maghmasi contributed to establishing many cultural and educational projects that helped spread knowledge and awareness in society. He was also known for his wide relationships with scholars and writers of his time, which contributed to the exchange of ideas and experiences between different regions of the Kingdom.

    His private library, which contained hundreds of volumes of rare manuscripts and books, is considered one of the most prominent intellectual legacies he left behind, serving as a scientific resource for researchers and students in the region.

    It is noted that Al-Maghmasi paid special attention to educating youth, holding weekly scientific circles and lessons in the mosque, which contributed to graduating a generation of scholars and writers who carried the torch of knowledge after him.

    Many contemporaries praised Al-Maghmasi’s personality, describing him as humble, friendly, loving goodness for all, and always striving to serve his community.

    According to historians, Al-Maghmasi spent his life serving knowledge and literature until his death, which left a great void in the cultural scene of Qassim. His name has been immortalized in the memory of generations, not only for his intellectual contributions but also for his ethics and values that he was keen to instill in his students.

    Today, years after his passing, his works and books remain an important reference for those wishing to learn about the cultural and literary heritage of the Qassim region, confirming that his scientific legacy is still alive, inspiring new generations.

  • كريم بنزيما يقود اتحاد جدة لانتصار تاريخي على الفيحاء

    قاد النجم الفرنسي كريم بنزيما فريقه اتحاد جدة لفوز كبير على الفيحاء بنتيجة 4-1 ضمن منافسات دوري روشن السعودي، مسجلاً هدفين وصنع آخر في مباراة شهدت تألقاً لافتاً من اللاعب البالغ من العمر 36 عاماً.
    وقال بنزيما بعد المباراة: “أشعر بسعادة كبيرة بهذا الفوز وبمساهمتي في تحقيقه. الفريق يقدم مستويات مميزة وأثق بقدرتنا على المنافسة على اللقب هذا الموسم”، فيما أضاف مدرب الاتحاد نونو سانتو: “بنزيما لاعب استثنائي يصنع الفارق دائماً. أداؤه اليوم كان مثالياً من جميع النواحي”.
    وصلت تمريرات بنزيما الناجحة إلى نسبة 92% خلال المباراة، كما سدد 4 تسديدات على المرمى، 3 منها بين الخشبات الثلاث. وبهذين الهدفين، رفع رصيده إلى 8 أهداف في صدارة هدافي الدوري السعودي هذا الموسم.
    بدأ بنزيما مشواره مع اتحاد جدة في صيف عام 2023 قادماً من ريال مدريد الإسباني، حيث توج مع الفريق الملكي بـ25 لقباً منها 5 ألقاب لدوري أبطال أوروبا. وفي موسمه الأول مع العميد السعودي، نجح في قيادة الفريق للتتويج بلقب الدوري بعد غياب 10 سنوات.
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