Khalid Nassar & Partner Lawyers and Legal Consultants

The structure of a company plays a key role in determining the types of stocks that can be issued to its investors, along with the rights and privileges they enjoy. Saudi Arabia’s Companies Law provides guidelines for the issuance of different stock types, offering flexibility for companies to define the rights, privileges, and restrictions of each type and class. Khalid Nassar & Partner Lawyers and Legal Consultants Head of Associates Hanadi Jamjoom, LLM, and Associate Mawaddah Mahboob provide a quick guide to the types of stocks, their application in modern companies, and their effect on investors. For more information, feel free to reach out to the team, or email [email protected] #ComapniesLaw #SaudiArabia #Stock #InvestorRights #BusinessLaw

The Ministry of Investment (MISA) recently announced a new Investment Law, replacing the Foreign Investment Law of 2000. This landmark development is a significant step in transforming Saudi Arabia into a global investment hub, in alignment with Vision 2030. Key updates include:  1. Broader definition of "investor" to include local and foreign investments. 2. Equal treatment for local and foreign investors. 3. Protection against expropriation and safeguarding intellectual property. 4. Simplified registration procedures and incentives for sector-specific investments. 5. New penal system and dispute resolution mechanisms. Our team, led by Head of Associates Hanadi Jamjoom, LLM, Associate Ghada Yamani, and Junior Associate Tamara Khattab, explores the full details of the Investment Law in our latest article. For more information, please contact our team or email [email protected] #InvestmentLaw #SaudiArabia #Vision2030 #LegalUpdate #BusinessLaw #CorporateLaw #KN

The Ministry of Commerce - Saudi Arabia approved new laws to regulate the Commercial Registrations and Trade Names on 17 September 2024. These reforms are designed to improve business operations and safeguard commercial identities in alignment with Saudi Arabia’s Vision 2030.   Key updates include: 1. Introduction of a Single National Commercial Registration (SNCR) for businesses. 2. Abolishment of expiry dates for commercial registrations. 3. New provisions for the reservation and registration of commercial names. 4. Five-year grace period for transition to the new system.   Head of Associates Hanadi Jamjoom, LLM, Associate Ghada Yamani, and Junior Associate jameel Bughdadi explore the details of these reforms in this article.   For further information, please contact one of our lawyers, or email [email protected].   #CommercialLaw #SaudiArabia #BusinessReforms #Vision2030 #LegalUpdate #KN

Khalid Nassar & Partner Lawyers and Legal Consultants (KN&P) is proud to announce that we have joined the ALFA International (ALFAI) network as the exclusive member firm for Saudi Arabia. ALFAI selects only one member per jurisdiction, making this a significant milestone for our firm as we continue to expand our international reach. Our founding partner, khalid Nassar, commented, 'Our affiliation with the ALFAI network enhances our firm’s credibility and expands our ability to serve clients with international legal needs. It also gives us access to a wealth of resources, expertise, and knowledge from other member firms worldwide.' This membership strengthens our capacity to support clients with cross-border legal matters and offers KN&P access to a global network of leading law firms. We look forward to participating in ALFAI’s Corporate Transactions Practice Group and the African & Middle Eastern Regional Group. You can read the full press release here: https://lnkd.in/dyENTTvQ #KNPLegal #ALFAI #GlobalNetwork #CorporateLaw #SaudiArabia #InternationalLaw

نحلم ونحقق / We Dream and Achieve في اليوم الوطني السعودي الرابع والتسعين، يسعدنا في شركة Khalid Nassar & Partner Lawyers and Legal Consultants وبكل فخر أن نشارك وطننا وشعبنا الغالي الاحتفال بمسيرة وطننا تحت شعار "نحلم ونحقق". برؤية وتصميم لا يتزعزع، كما تواصل المملكة العربية السعودية تحويل الأحلام إلى واقع، ووضع معايير جديدة للنمو والابتكار. في KN&P، يشرفنا أن نلعب دورًا في دعم المشهد القانوني والتجاري المتطور في المملكة، والمساعدة في تحويل التطلعات إلى إنجازات. معًا نحلم، ومعًا نحقق. يوم وطني سعيد لقيادة وشعب المملكة العربية السعودية! 🇸🇦 #اليوم_الوطني_السعودي #نحلم_ونحقق #قانون_KNPL On the 94th Saudi National Day, we at Khalid Nassar & Partner Lawyers and Legal Consultants proudly join the nation in celebrating its incredible journey under the theme We Dream and Achieve. With unwavering vision and determination, the Kingdom of Saudi Arabia continues to transform dreams into reality, setting new standards for growth and innovation At KN&P, we are honoured to play a part in supporting the Kingdom’s evolving legal and business landscapes, helping turn aspirations into achievements. Together, we dream, and together, we achieve Happy National Day to the leadership and people of Saudi Arabia! 🇸🇦 #SaudiNationalDay #WeDreamAndAchieve #KNPLaw  

Congratulations Khalid Nassar & Partner Lawyers and Legal Consultants for earning your certificate! 😍 Kudos on valuing your employees and providing a positive and encouraging work environment! 💯 Your commitment to innovation and providing a positive workplace culture for all your employees is commendable. 🥳 Well done for taking care of your team and creating an atmosphere that fosters growth and productivity! 🎉

KN&P is proud to be certified as a Great Place to Work®.   Khalid Nassar & Partner Lawyers and Legal Consultants has officially been certified as a Great Place to Work®, an achievement that reflects our commitment to fostering a positive and inclusive workplace culture. This certification is the result of an anonymous survey distributed to all team members, exploring various aspects of their work experience with us—from job satisfaction to their thoughts on our leadership and colleagues.   The survey, conducted in partnership with Great Place to Work® Middle East, a globally respected authority on workplace culture with over 30 years of experience, was designed to capture honest feedback and insights. It also included questions about personal characteristics, helping us better understand the diverse perspectives that make KN&P unique. Importantly, all responses were entirely confidential, ensuring team members could speak openly and freely.    Senior management shared:  "This certificate is a symbol of recognition that everyone in the KN&P family already knew. Well done, as this recognition could not have been achieved without every single one of you. This is truly a team achievement."   Thank you to the Team for your ongoing dedication and for making KN&P a truly exceptional place to work. This recognition wouldn’t be possible without your hard work and passion.   Here’s to continuing to grow and succeed—together!   #GreatPlaceToWork #WorkCulture #TeamKN&P #Recognition #Leadership #TogetherWeAchieve

The Ministry of Human Resources and Social Development - KSA recently published a series of amendments to Saudi Arabia's Labour Law provisions. These changes aim to foster job stability, enhance employee rights, and promote a fair and attractive work environment in line with the Kingdom's Vision 2030.   Highlights include: 1.      New regulations for fixed-term employment contracts for non-Saudis. 2.      Enhanced training and development opportunities. 3.      Structured probation periods and revised termination notice periods. 4.      Expanded employee rights, including updated bereavement leave and maternity benefits.   Khalid Nassar & Partner Lawyers and Legal Consultants Associate Director Mansour Dawood, Senior Associate Rayan Basheikh, LLM, and Junior Associate Lama Al Mashat Almashat look into 12 key amendments in this article, available in English and Arabic.    For further information, please contact one of our lawyers, or email [email protected].    #LabourLaw #SaudiArabia #EmploymentLaw #Vision2030 #LegalUpdate #KNP  

We are honoured to be shortlisted at the IFLR Middle East Legal Awards in the category “Deal of the Year – Domestic”. Thank you to our clients and partners for your continued support. We look forward to the awards ceremony! #LegalExcellence #MiddleEastLegalAwards #IFLR #Recognition #TeamAchievement #LegalInnovation

Last week, the Khalid Nassar & Partner Lawyers and Legal Consultants Team had the pleasure of welcoming Sarah Al-Turkistani, the successful and visionary founder of Saudi Arabia LoCa Studios , known as the "happiest gym on earth." Sarah shared invaluable insights from her entrepreneurial journey with both our Jeddah and Riyadh teams, including thoughts on how she approached challenges and management. It was an inspiring session for our lawyers and staff members of all seniority levels. Here are some key takeaways from Sarah's session:   1. The Snowball Effect: Embracing Imperfection Sarah highlighted the importance of taking action, even when things aren't perfect. She explained the "Snowball Effect," where "done is better than perfect." Every small, imperfect step contributes to a larger movement, fostering momentum and continuous improvement.   2. "It Wasn't Me": Humility and Gratitude Success is not solely a result of our efforts or talents. Being able to say "It Wasn't Me" and acknowledging the contributions of others emphasises humility and gratitude, encouraging a collaborative and supportive environment where people feel valued.   3. The Power of Spreading Happiness: A Business with a Higher Purpose Inspired by Dr. Hawkins' theory, Sarah believes in the impact of happiness in business. At LoCa Studios, the goal is to genuinely serve people and add value to their lives, creating a positive and motivating work environment. This focus on happiness and well-being aligns with the studio's broader vision and mission, ensuring that every member and employee feels valued and inspired.   At Khalid Nassar & Partner Lawyers and Legal Consultants, we are proud to accompany entrepreneurs on their journey, providing the support and expertise they need to succeed. For further information, please reach out to any of our team members, or at [email protected]. #Entrepreneurship #Inspiration #BusinessWithPurpose #LoCaStudios #HappinessInBusiness #LegalProfession #LawyersJourney