The Ministry of Commerce said establishments can now enter as partners in all types of commercial entities to facilitate business and support establishments and companies.
The Ministry explained that allowing establishments to become partners in all types of companies will have a significant impact on the growth of investments in these establishments and increase income sources. Companies can benefit from establishments that have expertise in various fields and entice them to become partners by giving them a share or shares in the company.
The Ministry noted that a company can add an establishment as a partner electronically at e.mc.gov.sa through the Company Incorporation Service for new companies. Existing companies can do that via the Shareholders’ Resolutions Service.