Legal Blog

Articles and exclusives on legal system updates and legislation presented by Nova Legal consultants

Civil and Criminal Liability of Board of Directors Members under the Saudi Companies Law: The Complete Legal Guide | Nova Legal
2026/08/12
Civil and Criminal Liability of Board of Directors Members under the Saudi Companies Law: The Complete Legal Guide | Nova Legal

The liability of the board of directors members occupies a fundamental position in the Companies Law issued...

Shareholder Rights and Cumulative Voting in Saudi Companies: The Complete Legal Guide | Nova Legal
2026/08/12
Shareholder Rights and Cumulative Voting in Saudi Companies: The Complete Legal Guide | Nova Legal

Shareholder rights occupy a pivotal position in the Companies Law issued by Royal Decree No. (M/132) dated 1...

Governance of Banks and Financial Institutions: Principal Rules under SAMA Frameworks | Nova Legal
2026/08/12
Governance of Banks and Financial Institutions: Principal Rules under SAMA Frameworks | Nova Legal

Banks and financial institutions in the Kingdom of Saudi Arabia are subject to a specialized governance syst...

The Four Board of Directors Committees: Audit, Remuneration, Nominations and Risk | Nova Legal
2026/08/06
The Four Board of Directors Committees: Audit, Remuneration, Nominations and Risk | Nova Legal

Board of directors committees occupy a pivotal position in the corporate governance system of Saudi companie...

Independent Members of the Board of Directors: Ratios and Conditions in Saudi Arabia | Nova Legal
2026/08/06
Independent Members of the Board of Directors: Ratios and Conditions in Saudi Arabia | Nova Legal

The topic of independent members of the board of directors raises many precise questions in the practical wo...

Governance of Non-Listed Companies and LLCs in Saudi Arabia: Are the Ministry of Commerce Regulations Mandatory or Non-Binding? | Nova Legal
2026/08/06
Governance of Non-Listed Companies and LLCs in Saudi Arabia: Are the Ministry of Commerce Regulations Mandatory or Non-Binding? | Nova Legal

A pivotal question recurs among business owners and investors: is governance of non-listed companies in Saud...

Saudi Corporate Governance Regulations — Compliance Guide for Listed Companies (Capital Market Authority) | Nova Legal
2026/08/06
Saudi Corporate Governance Regulations — Compliance Guide for Listed Companies (Capital Market Authority) | Nova Legal

The Corporate Governance Regulations issued by the Capital Market Authority constitute the cornerstone of th...

ESG for Saudi Non-Profit Foundations: Disclosure Requirements and Compliance 2026 | Nova Legal
2026/07/27
ESG for Saudi Non-Profit Foundations: Disclosure Requirements and Compliance 2026 | Nova Legal

Environmental, Social, and Governance (ESG) for Saudi non-profit foundations has become a fundamental standa...

Risk Management for Non-Profit Foundations and Associations in Saudi Arabia: Legal Framework and Professional Practices 2026 | Nova Legal
2026/07/27
Risk Management for Non-Profit Foundations and Associations in Saudi Arabia: Legal Framework and Professional Practices 2026 | Nova Legal

Risk management for non-profit foundations and associations in Saudi Arabia has become an imperative necessi...