Publication
New UBO Disclosure Requirements in Saudi Arabia Effective from April 2025
Effective from 3 April 2025, a new regulation issued by the Ministry of Commerce (MoC) requires all (new or existing) companies operating in the Kingdom of Saudi Arabia (KSA) to disclose their Ultimate Beneficial Owner (UBO). UBO is defined as the natural person who ultimately owns or controls the company. This regulation forms part of Saudi Arabia’s broader commitment to enhancing corporate transparency and aligning with international anti-money laundering (AML) standards, particularly those set out by the Financial Action Task Force (FATF).
The obligation applies to a wide range of legal entities, including Limited Liability Companies (LLCs), Joint Stock Companies (JSCs), Simplified JSCs, General Partnerships, and Limited Partnerships. Only a few categories are exempt, such as companies that are wholly government-owned, entities undergoing bankruptcy proceedings, or those specifically exempted by ministerial decision.
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