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Saudi data embassies pick up steam in int’l press after Saudi-US summit
The data embassies could quell US concerns over China gaining backdoor access to their tech via Saudi
Regs for new Investment Law are now live
The law allows investors to freely transfer funds to and from the Kingdom without delay
Zatca’s amendments to VAT regs are now live
Tax groups have 180 days to comply with the new requirements
Sovereign AI data centers to land in the Kingdom under new draft law
Three pathways for international data hosting within the Kingdom were specified by the draft
Fresh amendments in the works to regulate listing of share types, classes not previously listed
Capital increase requests can’t exceed 10% of issued capital
CMA seeks public feedback on amendments to SPE rules
The full draft is available for consultation on Istitlaa until Tuesday, 29 April
New amendments ease qualified investor criteria for Nomu
Public consultation is open until 28 April.
Fresh regs for issuing debt instruments on crowdfunding platforms
The new rules will be up for public consultation until Wednesday, 23 April.
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