Stock Grant Agreement Template for Saudi Arabia

1. Foreign Ownership Provisions: Required when the recipient is a non-Saudi national, addressing specific foreign ownership requirements and restrictions

2. Sharia Compliance Declaration: Detailed section confirming the agreement's compliance with Islamic principles, recommended for added certainty

3. Company Buy-back Rights: Optional provisions for the company to repurchase shares under specific circumstances

4. Non-Competition and Confidentiality: Additional restrictions on the recipient's activities, particularly relevant for senior executives

5. Tag-Along/Drag-Along Rights: Special rights in case of company sale or major transactions, typically for key employees

6. Electronic Communication Consent: Provisions for electronic notices and communications, useful for international arrangements

1. Schedule 1 - Share Details: Detailed specification of the shares including class, rights, and any special conditions

2. Schedule 2 - Vesting Schedule: Detailed timeline of vesting dates and corresponding share quantities

3. Schedule 3 - Shareholder Approval: Copy of relevant board and shareholder resolutions approving the grant

4. Schedule 4 - Tax Treatment Summary: Overview of applicable tax treatment and calculations

5. Schedule 5 - Share Plan Rules: If part of a larger share plan, the complete rules of the plan

6. Appendix A - Form of Share Certificate: Template for the share certificate to be issued

7. Appendix B - Regulatory Compliance Checklist: Checklist of CMA and other regulatory requirements to be met