A guide for company directors in Saudi Arabia

Directors usually have wide powers to manage the affairs of their company and act as its agent and a duty to do so with due care, skill and diligence. This guide aims to help Saudi Arabian companies and their investors by giving an introduction to the role, powers, duties and liabilities of directors of companies in the Kingdom of Saudi Arabia. The information is given in relation to limited liability companies, which is the type of unlisted corporate entity most commonly used within a corporate group structure and in the context of joint venture arrangements in Saudi Arabia.