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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.
Effective 19 March 2020, the Saudi Food and Drug Authority (“SFDA”) issued a publication detailing that certain health products that were previously required to be “listed” at SFDA are now required to be “registered” as a health product in order to be marketed in Saudi Arabia. This update details these changes.
Health products classified as “subject for listing” are submitted to the SFDA under a simplified listing scheme. To classify a product as health product subject for listing, it must meet a series of criteria and/or be of a specific type of products.
SFDA has reclassified some of these types of products from being “subject for listing” to requiring “registration”, and changed the thresholds for registration in other instances.
This group of products includes the following:
Key SFDA guidelines for the registration of herbal and health products include:
The SFDA is responsible for putting in place regulations and effective controls to ensure the safety of food, drugs, medical devices, cosmetics, pesticides and feed in the Kingdom of Saudi Arabia. Please join our healthcare email list to receive more healthcare and life sciences legal and regulatory updates impacting the industry across the Middle East here.
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