New Statistics Law centralizes authority, strengthens data confidentiality
The legislation introduces fines up to SAR 500k for data misuse and requires private statistical firms to be licensed
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The legislation introduces fines up to SAR 500k for data misuse and requires private statistical firms to be licensed
The law comes with specific restrictions based on location, property type, and usage
The law will take effect in January 2026
Regulations are set to be issued within 90 days of the law's publication in the Official Gazette.
The law allows investors to freely transfer funds to and from the Kingdom without delay
SPACs will have two years from their Nomu listing date to complete an M&A transaction
The regulations apply to cases prior to 4 November 2017
The new law enforces strict penalties, including fines up to SAR 30 mn and prison time
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