Preliminary Share Purchase Agreement Template for Saudi Arabia

1. Break Fee: Applicable when parties want to include a fee payable if either party withdraws from negotiations

2. Management Control: Used when interim management arrangements are needed during the due diligence period

3. Regulatory Approvals: Required when the transaction needs specific regulatory clearances

4. Employee Matters: Relevant when employment considerations are critical to the transaction

5. Shariah Compliance: Detailed section needed when transaction involves Islamic financing or specific Shariah requirements

6. Foreign Investment Provisions: Required when the purchaser is a foreign entity

7. Competition Clearance: Needed when the transaction size requires competition authority approval

8. Interim Period Covenants: Used when specific operational restrictions are needed during the negotiation period

1. Share Information: Details of shares being sold, including class, rights, and current ownership

2. Initial Due Diligence Checklist: Preliminary list of documents and information required for due diligence

3. Timetable: Detailed timeline of key dates and milestones

4. Form of Confidentiality Agreement: Template of detailed NDA if not already executed

5. Material Contracts: List of key contracts requiring review or consent

6. Regulatory Requirements: List of required regulatory approvals and filings

7. Permitted Actions: List of actions the target company can take during the exclusivity period

8. Corporate Structure: Current and proposed corporate structure diagrams