With the help of Allah the Almighty
We, Salman bin Abdulaziz Al-Saud,
the King of the Kingdom of Saudi Arabia,
based on article 70 of the Basic Law of Governance issued by Royal Order O/90 dated 27 Sha’ban 1412 [2 March 1992],
based on article 20 of the Law of the Council of Ministers issued by Royal Order O/13 dated
3 Rabi Al-Awwal 1414 [21 August 1993],
based on article 18 of the Law of the Shura Council issued by Royal Order O/91 dated
27 Sha’ban 1412 [2 March 1992]
after reviewing Shura Council Resolution 265/25 dated 13 Shawwal 1445 [22 April 2024],
and after perusal of Council of Ministers Decision 237 dated 14 Rabi Al-Awwal 1446 [18 September 2024],
have decreed as follows
First
The Commercial Register Law is hereby approved in the form attached.
Second
The Trade Names Law is hereby approved in the form attached.
Third
Those registered in the Commercial Register are granted a grace period of five years starting from the effective date of the law referred to in clause First of this decree, to rectify the status of their sub-commercial registrations. All their sub-registrations must be deleted at the end of such grace period, according to a mechanism determined by the Ministry of Commerce.
Fourth
The provisions of the law—referred to in clause Second of this decree—do not prejudice trade names registered prior to its entry into force, as determined by the Ministry of Commerce.
Fifth
The Prime Minister, the ministers, and the heads of independent concerned authorities—each within their area of competence—shall implement this decree of Ours.
Salman bin Abdulaziz Al-Saud
Issued on: 19 Rabi Al-Awwal 1446
Corresponding to: 23 September 2024
Published in Umm Al-Qura 5050 issued on 4 October 2024.