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Deal by Design
Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.
This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.
The Saudi Data & AI Authority (“SDAIA“) has recently launched a public consultation on proposed changes to Saudi Arabia’s Personal Data Protection Law (“PDPL“). The public consultation will end on Tuesday, 20 December.
Following this, it is still anticipated that the PDPL will come in force in March 2023 and that controllers will have a one-year grace period to ensure compliance. The proposed changes are significant, and many will be welcomed by business. Some important changes include:
Other areas addressed by the proposed changes include clarifying the powers and functions of the KSA data protection regulator, modifications to some of the penalties for breach of the law, the definition of sensitive personal data (which no longer includes location data) and amendments that will make it easier for a controller to appoint a data processor. The proposed amendments also tidy up the drafting, address unclear language and cross references in the existing PDPL.
The proposed changes are welcome, but much of the detail underlying these changes will be contained in the as yet unpublished Regulations which will implement the PDPL. Therefore, how these new provisions will operate in practice remains to be seen. Once the consultation period ends, we expect to see both a revised PDPL and a draft of the Regulations in due course.
Our Digital & Data team would be pleased to assist in providing input on the consultation and advising on compliance steps as the privacy landscape in the KSA takes shape.
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