Riyadh – Sharikat Mubasher: Saudi Arabia’s official gazette, Umm Al-Qura, published the ministerial decree of Khalid Al-Falih, Minister of Investment, approving the executive regulations for the new Investment Law.

The 37-article regulation aims to implement the law’s provisions and achieve its objectives, stipulating that foreign investors have the right to express their opinions and submit relevant documents and information related to investment procedures.

The Ministry of Investment will also hold discussions with foreign investors to explore alternative measures to safeguard national security risks. If suitable measures are agreed upon, procedures can be halted before a formal decision is issued.

The regulations emphasize equal treatment for investors, ensuring non-discrimination between foreign and local investors under similar conditions, in line with Saudi regulations and international agreements.

They also guarantee the freedom to transfer investment-related funds in and out of the Kingdom without delay, covering initial capital, profits, loan repayments, and proceeds from selling investments. However, fund transfers may be delayed or restricted in cases related to bankruptcy, creditor rights, criminal offenses, or legal rulings, provided the actions are fair and non-discriminatory.