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Find out moreWe are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.
Read the full editionOn the 24th of April 2018, the Council of Ministers of the Kingdom of Saudi Arabia approved the Commercial Mortgage Law (the “Law”) issued by Royal Decree No. (M/86) dated 24 April 2018.
The following are the key issues covered under the Law:
The Law has been published in the Official Gazette on the 24th of April 2018 and came into force and effect since the date of publication according to Article (47). The executive regulations of the law have been issued by the Minister of Commerce & Investment and published in the Official Gazette on the 27th of April 2018 and became into force and effect as well.
A more detailed article on the Law will be published shortly.
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