Article Of Association Form Template for Saudi Arabia

1. Preemptive Rights: Used when shareholders want specific rights to purchase new shares before offering to outside investors

2. Tag-Along Rights: Include when minority shareholders need protection in case of majority stake sale

3. Non-Competition: Added when restrictions on shareholders' competing activities are required

4. Shariah Compliance: Detailed section on Islamic compliance measures when company operates in specific sectors

5. Executive Committee: Include when company needs additional management layer between board and executive management

6. Reserved Matters: List of decisions requiring special majority or unanimous approval, used in joint ventures or when minority protection is needed

7. Technology Rights: Include when company's business involves significant intellectual property or technology assets

8. Foreign Investment Provisions: Required when foreign shareholders are involved, detailing compliance with SAGIA regulations

1. Share Capital Distribution: Detailed breakdown of shareholding structure and paid-up capital

2. Shareholder Details: Complete information about founding shareholders including copies of IDs/CRs

3. Business Activities: Comprehensive list of licensed business activities with their ISIC codes

4. Board/Manager Powers: Detailed list of powers granted to board members or managers

5. Related Party Agreements: List of existing agreements between company and its shareholders or affiliates

6. Intellectual Property: Schedule of owned or licensed intellectual property rights

7. Initial Business Plan: If required, initial operational and financial projections

8. Specimen Signatures: Authorized signatures of initial board members/managers