Arabic
The Minister of Commerce,
based on the powers granted to him by law,
based on article 262(r) and 267(1) of the Companies Law issued by Royal Decree D/132 dated 1 Dhu Al-Hijja 1443 [30 June 2022],
based on article 12 of the Rules of the Ultimate Beneficial Owner issued by Ministerial Decision 99 dated 5 Jumada Al-Thani 1447 [26 November 2025],
and in pursuance of public interest,
hereby decides
First
Anyone who commits the violation of failing to disclose the data of the ultimate beneficial owner, or the violation of failing to submit the annual confirmation of such data for the first time, must be warned and given a period of 30 days starting from the day following the warning to correct it.
Second
In the event that the violation is not rectified within the period stipulated in paragraph First, a direct punishment must be imposed on each company that has not complied with the disclosure of the data of the ultimate beneficial owner or has not submitted the annual confirmation of the data of the ultimate beneficial owner within the period prescribed in accordance with the Rules of the Ultimate Beneficial Owner. The fine must be in accordance with the following:
| Company Form |
Capital |
Fine |
| All company forms |
Less than 500,000 Saudi Riyal |
4,000 Riyal |
| From 500,000 Saudi Riyal to 2,500,000 Saudi Riyal |
20,000 Riyal |
| More than 2,500,000 Saudi Riyal to 5,000,000 Saudi Riyal |
40,000 Riyal |
| More than 5,000,000 Saudi Riyal |
80,000 Riyal |
Third
In the event that the violation of non-submission of the annual confirmation of the data of the ultimate beneficial owner is repeated during the period prescribed for the year following the previous violation decision that is considered final, the fine prescribed for the previous violation must be doubled, provided that the total fine does not exceed an amount of 500,000 Saudi Riyal.
Fourth
The mechanism for notifying the direct punishment decision must be in accordance with the mechanism stipulated in article 94 of the Executive Regulation of the Companies Law.
Fifth
This decision must be published in the official gazette, and comes into force on the date of its publication.
Minister of Commerce
Dr Majid bin Abdullah Al-Qasabi
Issued on: 24 Sha’ban 1447
Corresponding to: 12 February 2026
Published in Umm Al-Qura 5144 issued on 13 February 2026.