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Deed Of Assignment Of Shares Of Stock
"I need a Deed of Assignment of Shares of Stock under Saudi law for transferring 30% shareholding in a manufacturing company to a foreign investor, with specific provisions for MISA approval and staged payment terms over three installments in 2025."
1. Parties: Identification of the Assignor (current shareholder) and Assignee (new shareholder), including full legal names, addresses, and commercial registration details
2. Background: Context of the share transfer, including details of the Company whose shares are being transferred and the reason for the transfer
3. Definitions: Key terms used throughout the deed, including 'Shares', 'Company', 'Completion Date', and other relevant definitions
4. Agreement to Assign: Core provision detailing the assignment of shares from Assignor to Assignee
5. Consideration: Details of the payment or other consideration for the shares
6. Completion: Specific requirements and timing for completing the transfer, including documentation and registration requirements
7. Assignor's Representations and Warranties: Warranties regarding ownership, authority to transfer, and status of shares
8. Assignee's Representations and Warranties: Warranties regarding capacity to acquire shares and compliance with relevant laws
9. Regulatory Compliance: Confirmation of compliance with Saudi regulations and obtaining necessary approvals
10. Further Assurance: Obligation to execute further documents and take additional steps if needed
11. Notices: Process for sending formal notices between parties
12. Governing Law and Jurisdiction: Confirmation of Saudi Arabian law as governing law and jurisdiction for disputes
13. Execution: Formal execution blocks meeting Saudi requirements for deeds
1. Foreign Investment Provisions: Required when the Assignee is a foreign investor, including specific undertakings regarding foreign investment regulations
2. Regulatory Approvals: Required for regulated entities or when specific regulatory approvals are needed
3. Tax Provisions: Required when specific tax arrangements or implications need to be addressed
4. Non-Competition: Optional restrictions on the Assignor's future business activities
5. Confidentiality: Required when sensitive information is involved or in high-value transactions
6. Power of Attorney: Required when either party needs to appoint representatives for completion actions
7. Shareholder Rights: Required when specific shareholder rights are being transferred or retained
1. Schedule 1 - Share Details: Detailed description of shares being transferred, including share certificate numbers and class of shares
2. Schedule 2 - Company Information: Key details about the Company, including registration number, address, and current shareholding structure
3. Schedule 3 - Completion Requirements: Checklist of documents and actions required for completion
4. Schedule 4 - Regulatory Approvals: List of required regulatory approvals and their status
5. Appendix A - Share Certificates: Copies of relevant share certificates
6. Appendix B - Board Resolutions: Copies of board resolutions approving the transfer
7. Appendix C - Powers of Attorney: If applicable, powers of attorney for completing the transfer
Authors
Assignee
Assignor
Board
Business Day
CMA
Company
Completion
Completion Date
Consideration
Encumbrance
Existing Shareholders
Foreign Investment License
Governing Law
MISA
Ministry of Commerce
Parties
Related Party
Relevant Authority
Saudi Arabia
Share Certificate
Shareholders Agreement
Shares
Share Transfer
Signing Date
Third Party
Transfer Documents
Articles of Association
Board Resolution
Commercial Registration
Confidential Information
Constitutive Documents
Corporate Documents
Due Diligence
Effective Date
Liabilities
Material Adverse Change
Purchase Price
Regulatory Approvals
Representatives
Securities
Shareholders Register
Tax
Transaction Documents
Warranties
Consideration
Completion
Conditions Precedent
Representations and Warranties
Further Assurance
Regulatory Compliance
Foreign Investment
Share Transfer Restrictions
Shareholder Rights
Confidentiality
Non-Competition
Indemnification
Notices
Assignment and Transfer
Severability
Waiver
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Force Majeure
Amendment
Third Party Rights
Counterparts
Language
Tax Matters
Power of Attorney
Registration Requirements
Board Approval
Financial Services
Manufacturing
Real Estate
Technology
Healthcare
Retail
Energy
Transportation
Construction
Professional Services
Telecommunications
Mining
Agriculture
Education
Hospitality
Legal
Finance
Corporate Secretariat
Compliance
Risk Management
Corporate Development
Investment
Mergers & Acquisitions
Shareholder Relations
Corporate Governance
Board Affairs
Treasury
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Secretary
Investment Manager
Compliance Officer
Business Development Director
Mergers & Acquisitions Manager
Corporate Governance Officer
Risk Manager
Board Secretary
Financial Controller
Managing Director
Shareholder Relations Manager
Corporate Finance Manager
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