Saudi Gazette, 16 October 2022: An executive regulation regulating foreign law firms’ licensing has been announced, meaning they can now appoint non-Saudis to directorship roles, provided they fulfil certain conditions.
Under the regulation, a non-Saudi director may be appointed as long as no less than a quarter of the board of directors or the council of executives of the firm are Saudi partners or shareholders licensed to practice the legal profession.
One of the Saudi partners, with a minimum of seven years of experience, must be a company director.
The law firm must also not have been implicated in a crime involving moral turpitude, dishonesty, or a severe professional violation in any country it practises.
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