Stock Sale And Purchase Agreement Template for Saudi Arabia

1. Shariah Compliance: Required if any financing aspects need explicit Shariah compliance confirmation

2. Foreign Investment Provisions: Required if the purchaser is a foreign entity, addressing SAGIA requirements

3. Competition Clearance: Required for transactions meeting Saudi merger control thresholds

4. Tax Covenant: Detailed tax-related provisions, required for complex transactions or where specific tax risks are identified

5. Employee Matters: Required if specific arrangements for key employees or labor matters are part of the transaction

6. Transitional Services: Required if post-completion services are to be provided between parties

7. Non-Competition: Required if seller restrictions are needed post-completion

8. Break Fee: Required if break fees are part of the transaction structure

1. Share Details: Details of shares being transferred, including share certificates numbers and shareholder register entries

2. Warranties: Detailed warranties and representations

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

4. Company Information: Details of the target company, including corporate documents and licenses

5. Properties: List of real estate assets and related documents

6. Material Contracts: Key contracts and agreements of the target company

7. Intellectual Property: IP rights and registrations

8. Regulatory Approvals: Required governmental and regulatory approvals

9. Disclosed Documents: List of documents disclosed against the warranties

10. Form of Transfer Instruments: Forms of share transfer documentation required under Saudi law

11. Corporate Authorities: Required corporate approvals and authorizations