Assignment Of Shares Template for Saudi Arabia

1. Regulatory Approvals: Required when the transfer needs specific governmental or regulatory approvals, such as CMA approval for listed companies or SAGIA approval for foreign investors

2. Tax Provisions: Detailed tax-related provisions when there are specific tax implications or requirements for the transfer

3. Non-Competition: Restrictions on the Assignor's future activities, used when protecting company interests is crucial

4. Shareholders' Agreement Adherence: Required when there is an existing shareholders' agreement that the Assignee must join

5. Power of Attorney: Authorization for completing registration procedures, often used when parties need local representatives

6. Further Assurance: Additional cooperation obligations, particularly useful for complex transfers or when post-completion actions are needed

7. Pre-emptive Rights Waiver: Required when other shareholders have pre-emptive rights that need to be waived

1. Share Details: Detailed description of the shares being transferred, including share numbers and certificates

2. Company Information: Key details about the Company, including registration number, address, and current shareholding structure

3. Completion Requirements: Checklist of documents and actions required for completion

4. Form of Transfer Instrument: Template for the physical share transfer document required by Saudi authorities

5. Corporate Approvals: Copies of relevant board resolutions, shareholder resolutions, or other corporate approvals

6. Regulatory Forms: Required government forms and applications for recording the transfer

7. Consideration Calculation: Details of how the purchase price was calculated, if complex