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Articles Of Association Document
"I need Articles of Association Document for a Saudi technology startup launching in March 2025, with 30% foreign ownership and specific provisions for future funding rounds and employee stock options."
1. Parties: Details of the founding shareholders/partners including their names, nationalities, addresses, and identification details
2. Background: Context of the company formation and basic intent of the parties
3. Definitions: Definitions of key terms used throughout the document
4. Company Formation: Declaration of company establishment, type, and name
5. Company Objectives: Detailed description of permitted business activities and scope
6. Capital and Shares: Details of company capital, share distribution, and share classes
7. Share Transfer Restrictions: Rules and procedures governing the transfer of shares
8. Management Structure: Composition and powers of the board of directors or managers
9. Shareholder Meetings: Procedures for general and extraordinary meetings
10. Financial Affairs: Financial year, accounts, auditing, and profit distribution
11. Reserved Matters: Decisions requiring special approval or voting thresholds
12. Termination and Liquidation: Procedures for company dissolution and liquidation
1. Preemptive Rights: Used when shareholders want specific rights for new share issuances
2. Tag-Along Rights: Include when minority shareholders need protection in sale scenarios
3. Drag-Along Rights: Include when majority shareholders want power to force minority participation in sales
4. Non-Competition: Used when restrictions on shareholder business activities are needed
5. Shareholder Loans: Include when shareholders may provide financing to the company
6. Executive Committee: Used for larger companies requiring additional management structure
7. Foreign Ownership Provisions: Include when foreign shareholders are involved
8. Sharia Compliance: Used when specific Islamic finance or operation provisions are required
1. Schedule 1 - Initial Shareholders: Detailed list of founding shareholders with their shareholding percentages
2. Schedule 2 - Share Capital Details: Breakdown of share classes, rights, and capital contributions
3. Schedule 3 - Business Plan: Initial business plan and objectives (if required)
4. Schedule 4 - Reserved Matters List: Detailed list of matters requiring special approval
5. Appendix A - Shareholder Contact Details: Contact information and addresses for official notices
6. Appendix B - Company Branch Locations: List of approved company branches and operations locations
7. Appendix C - Initial Board Members: Details of initial board members or managers with their roles
Authors
Company Name
Company Objectives
Principal Office
Duration
Share Capital
Share Classes and Rights
Share Certificates
Share Transfer Restrictions
Share Pledge
Preemptive Rights
Tag-Along Rights
Drag-Along Rights
Management Structure
Board Composition
Board Powers
Board Meetings
Board Resolutions
Executive Management
General Assembly Meetings
Voting Rights
Reserved Matters
Shareholder Resolutions
Financial Statements
Auditor Appointment
Dividend Distribution
Capital Increase
Capital Reduction
Company Records
Notices
Confidentiality
Non-Competition
Related Party Transactions
Conflict of Interest
Amendment Procedures
Regulatory Compliance
Zakat and Tax
Dissolution and Liquidation
Dispute Resolution
Governing Law
Language
Company Seal
Branch Offices
Power of Attorney
Bank Accounts
Fiscal Year
External Auditor
Annual Reports
Corporate Social Responsibility
Insurance
Shareholder Register
Exit Provisions
Manufacturing
Trading
Technology
Financial Services
Professional Services
Real Estate
Healthcare
Education
Retail
Construction
Energy
Transportation
Hospitality
Agriculture
Mining
Telecommunications
Legal
Corporate Governance
Compliance
Executive Leadership
Board of Directors
Corporate Affairs
Finance
Risk Management
Investment
Strategy
Company Secretariat
Chief Executive Officer
Managing Director
Company Secretary
Legal Counsel
Corporate Lawyer
Compliance Officer
Board Director
Chief Financial Officer
Corporate Governance Officer
Investment Manager
Risk Manager
Shareholder Relations Manager
Business Development Director
Strategy Director
Company Registrar
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