Tag: Ministry of Commerce

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law, and based on article 22 of the Law of the Profession of Accounting and Auditing issued by Royal Decree D/59 dated 27 Rajab 1442 [11 March 2021],

after perusal of Council of Ministers Decision 571 dated 5 Sha’ban 1446 [4 February 2025], which includes the transfer of the mandate to issue licences for the profession of accounting and auditing to the Saudi Organization for Chartered and Professional Accountants instead of the Ministry of Commerce,

and after perusal of the Executive Regulation of the Law of the Profession of Accounting and Auditing issued by Minister of Commerce Decision 00658 dated 14 Dhu Al-Qa’dah 1442 [24 June 2021],

and in pursuance of public interest,

hereby decides

First

Article 6(4) and (5) of the Executive Regulation of the Law of the Profession of Accounting and Auditing issued by Minister of Commerce Decision 00658 dated 14 Dhu Al-Qa’dah 1442 [24 June 2021] are hereby amended as follows:

4․ The organization shall review the application that meets all the data and attachments, and the applicant shall pay the fee for the licence, which is determined by the board.

5․ The organization shall decide on the application within a period not exceeding 15 working days.

Second

This decision must be published in the official gazette, and comes into force on the date of its publication.

May Allah provide success.

Minister of Commerce
Dr Majid bin Abdullah Al-Kassabi

Issued on: 3 Safar 1447
Corresponding to: 28 July 2025

Published in Umm Al-Qura 5099 issued on 1 August 2025.

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law,

based on article 28 of the Commercial Register Law and article 22 of the Trade Names Law issued by Royal Decree D/83 dated 19 Rabi Al-Awwal 1446 [22 September 2024],

and based on the provisions of clause Third and clause Fourth of Royal Decree D/83 dated 19 Rabi Al-Awwal 1446 [22 September 2024],

and in pursuance of public interest,

hereby decides

First

The Executive Regulation of the Commercial Register Law is hereby approved in the form attached to this decision.

Second

The Executive Regulation of the Trade Names Law is hereby approved in the form attached to this decision.

Third

The Mechanism for Rectifying the Status of Sub-Commercial Registrations is hereby approved in the form attached to this decision.

Fourth

The Controls for Trade Names Registered Before the Entry Into Force of the Trade Names Law is hereby approved in the form attached to this decision.

Fifth

This decision must be published in the official gazette, and comes into force on the date of the publication of the Commercial Register Law and the Trade Names Law.

Minister of Commerce
Dr Majid bin Abdullah Al-Qasabi

Issued on: 20 Ramadan 1446
Corresponding to: 20 March 2025

Published in Umm Al-Qura 5079 issued on 30 March 2025.

Arabic

The Minister of Commerce,

The Chairman of the Board of Directors of the Saudi Standards, Metrology, and Quality Organization,

based on the powers he holds, after perusal of the system of the authority issued by Council of Ministers Decision 216 dated 17 Jumada Al-Thani 1431 [31 May 2010],

after perusal of Royal Decree D/79 dated 6 Rabi Al-Awwal 1446 [9 September 2024], containing the approval of Council of Ministers Decision 202 dated 30 Safar 1446 [3 September 2024], stipulating in clause First the approval of the Measurement and Calibration Law,

based on the provisions of article 16 of the mentioned law that stipulates that the board of directors of the authority shall issue the regulation and technical documents within 90 days from the date of publication of the law in the official gazette, and comes into force from the date of its entry into force.

and based on the Board of Directors of the Saudi Standards, Metrology, and Quality Organization Decision 05/205/2025 at its Meeting 205 dated 9 January 2025 regarding the approval of the executive regulation of the law,

hereby decides

First

The Executive Regulation of the Measurement and Calibration Law is hereby approved in accordance with the form attached to this decision.

Second

The provisions of the technical documents and the costs regulation for measurement and calibration services approved by the board remain in force until they are amended or repealed.

Third

This decision must be published in the official gazette and comes into force from the date of its publication.

Fourth

This decision must be communicated to those concerned for implementation.

May Allah provide success.

Minister of Commerce
Chairman of the Board of Directors of the Organization
Dr Majid bin Abdullah Al-Qasabi

Issued on: 12 Ramadan 1446
Corresponding to: 12 March 2025

Published in Umm Al-Qura 5078 issued on 29 March 2025.

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law,

and after perusal of the Law of Chambers of Commerce issued by Royal Decree D/37 dated 22 Rabi Al-Thani 1442 and its executive regulation issued by Ministerial Decision 00010 dated 11 Muharram 1443 [19 August 2021],

hereby decides

First

Article 44 of the Executive Regulation of the Law of Chambers of Commerce is hereby amended to read as follows:

1․ ‏ The federation of chambers shall prepare the standards for evaluating the performance of the chambers to be approved by the ministry.

2․ ‏ The performance of the chamber must be evaluated by an advisory entity, in accordance with the following:

(a) The federation of chambers shall approve an advisory entity and circulate it to the chambers.

(b) ‏ The advisory entity shall submit the evaluation report on the performance of the chamber to the federation of chambers within a period not exceeding three months from the end of the Gregorian year.

(c) ‏ It is not permitted for the performance of the chamber to be evaluated by a single advisory entity for more than three consecutive years.

3‏. The chamber shall publish the approved evaluation results on the websites of the chamber and federation of chambers.

4 ‏. The minimum results for evaluating the performance of the chamber must be in accordance with article 39(4) of the law and obtaining 60% of the total evaluation score.

Second

The advisory entity shall submit the evaluation report on the performance of the chamber for the year 2024 to the federation of chambers within a period not exceeding 180 days from the date of publication of this decision.

Third

This amendment 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: 10 Ramadan 1446
Corresponding to: 10 March 2025

Published in Umm Al-Qura 5077 issued on 28 March 2025.

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law,

based on article 274 of the Companies Law issued by Royal Decree D/132 dated 1 Dhu Al-Hijja 1443 [30 June 2022],

and after perusal of Ministerial Decision 10708 dated 25 Safar 1439 [14 November 2017],

and in pursuance of public interest,

hereby decides

First

The Rules of the Ultimate Beneficial Owner are hereby approved in the form attached to this decision.

Second

Ministerial Decision 10708 dated 25 Safar 1439 [14 November 2017] is hereby repealed by the Rules of the Ultimate Beneficial Owner referred to in clause First of this decision.

Third

The Rules of the Ultimate Beneficial Owner attached to this decision must be published in the official gazette, and come into force from 5 Shawwal 1446 corresponding to 3 April 2025.

Minister of Commerce
Dr Majid bin Abdullah Al-Qasabi

Issued on: 13 Sha’ban 1446
Corresponding to: 12 February 2025

Published in Umm Al-Qura 5072 issued on 21 February 2025.

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law,

and based on the provisions of the System of the Ministry of Commerce issued by Council of Ministers Decision 66 dated 6 Rabi Al-Thani 1374 [2 December 1954] and its amendments,

and in pursuance of public interest,

hereby decides

First

The commercial use of emblems and logos of states as well as religious and sectarian emblems and logos is hereby prohibited.

Second

The regulatory procedures must be applied in accordance with the provisions of the Penalties Regulations for Municipal Violations against the violating commercial establishments from the date of entry into force of this prohibition.

Third

This decision must be published in the Official Gazette and comes into force 90 days after the date of its publication.

Minister of Commerce
Dr Majid bin Abdullah Al-Qasabi

Issued on: 9 Jumada Al-Awwal 1446
Corresponding to: 11 November 2024

Published in Umm Al-Qura 5056 issued on 15 November 2024.

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law,

based on clause Fourth (1) and (2) of Council of Ministers Decision 92 dated 5 Safar 1442 [23 September 2020], approving the Penalties for Municipal Violations Regulation,

Based on the Minister of Municipalities and Housing Decision 4400905854 dated 19 Dhu Al-Qa’dah 1444 [8 June 2023], regarding the Approval of the Schedule of Penalties for Municipal Violations,

based on the Minister of Municipalities and Housing Decision 1/4500550156 dated 12 Rajab 1445 [23 January 2024], regarding authorising to the Minister of Commerce—or whoever he authorises—some of the powers mentioned in the Penalty Regulation for Municipal Violations,

and after perusal of Minister of Commerce Decision 00277 dated 16 Rajab 1443 [18 February 2022], regarding the Approval of the Executive Instructions for the Application of the Penalties for Sales Violations in Accordance with the Schedule of Violations and Municipal Penalties,

and in pursuance of public interest,

hereby decides

First

The Executive Instructions for the Application of Penalties for Violations Relating to the Competence of the Ministry of Commerce in the Schedule of Penalties for Municipal Violations are hereby approved in the form attached.

Second

The executive instructions in clause First of this decision hereby replace the Executive Instructions for the Application of the Penalties for Sales Violations in Accordance with the Schedule of Violations and Municipal Penalties issued by Ministerial Decision 00277 dated 16 Rajab 1443 [18 February 2022].

Third

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: 20 Muharram 1446
Corresponding to: 27 July 2024

Published in Umm Al-Qura 5042 issued on 9 August 2024.

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law,

based on article 262(e) and 267(1) of the Companies Law issued by Royal Decree D/132 dated 1 Dhu Al-Hijja 1443 [30 June 2022],

and after perusal of article 94 of the Executive Regulation of the Companies Law promulgated by Ministerial Decision 284 dated 23 Jumada Al-Thani 1444 [16 January 2023],

and in pursuance of public interest,

hereby decides

First

A direct punishment is hereby imposed on anyone who violates his duty to deposit the financial statements in accordance with the provisions of the Companies Law and its executive regulation. The fine must be imposed on every violator in accordance with the following:

Forms of companies other than the unlisted joint stock company
Capital	Number of managers	Fine
Less than 500,000 (five hundred thousand) Riyal	One manager	8,000 (eight thousand) Riyal
	Two managers and more	4,000 (four thousand) Riyal
500,000 (five hundred thousand) Riyal and more	One manager	12,000 (twelve thousand) Riyal
	Two managers and more	6,000 (six thousand) Riyal

Unlisted joint stock company
Capital	Fine
Less than 5,000,000 (five million) Riyal	15,000 (fifteen thousand) Riyal
5,000,000 (five million) Riyal and more	20,000 (twenty thousand) Riyal

Second

In the event that the violation of non-deposit of the financial statements is repeated during the legal period of the fiscal year following the previous violation decision that is considered final, the fine is increased by 50%.

Third

The mechanism for notifying the direct violation decision is in accordance with the mechanism stipulated in article 94 of the Executive Regulation of the Companies Law.

Fourth

This decision must be published in the official gazette, and comes into force on 1 July 2024.

Minister of Commerce
Dr Majid bin Abdullah Al-Kassabi

Issued on: 27 Dhu Al-Qa’dah 1445
Corresponding to: 4 June 2024

Published in Umm Al-Qura 5036 issued on 28 June 2024.

Arabic Auto Translate

Issued on: 21/8/1445
Corresponding to: 2/3/2024

Published in Umm Al-Qura 5024 issued on 15 March 2024.

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law, and after perusal of:

the Trade Names System issued by Royal Decree D/15 dated 12 Sha’ban 1420 [21 November 1999].

and Royal Decree 86852 dated 18 Dhu Al-Hijja 1444 [7 July 2023], which includes in clause Third: “His Excellency the Minister of Commerce, His Excellency the Minister of State, Member of the Council of Ministers, and Chairman of the Council of the Saudi Authority for Intellectual Property—each in their area of competence and in coordination between them—shall issue controls to approve the use of the name of Saudi Arabia, and the names of cities, regions, and public places, in the trade name or trademark to be registered or any of them, and the approval for registration must be issued in accordance with the legal procedures followed by both parties”,

and in pursuance of public interest,

hereby decides

First

The Controls for Using the Name of Saudi and the Names of Cities, Regions, and Public Places in the Trade Name are hereby issued in the form attached to this decision.

Second

These controls must be published in the official gazette, and comes into force from the date of its publication.

Minister of Commerce
Dr Majid bin Abdullah Al-Qasabi

Issued on: 19/5/1445
Corresponding to: 3/12/2023

Published in Umm Al-Qura 5014 issued on 5 January 2024.