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ARTICLE (23) Procedures

1. In coordination with Competent Authorities and the Saudi Business Center for Economic Activities and in accordance with applicable laws of the Kingdom, the Ministry may receive requests from Investors for statutory approvals necessary to engage in Investment activities through the Comprehensive Services Center. 

2. The Investor Guide shall, following coordination with the entities referenced in Paragraph (1) above, specify the services provided by the Comprehensive Services Center in relation to accepting requests for statutory approvals necessary to engage in Investment activities.

3. Upon receipt of Investor requests for statutory approvals required to engage in an Investment activity, the Comprehensive Services Center shall undertake the following:

A Notify the Investor of receipt of the request; 

B Forward the request to the Competent Authority; 

C Coordinate with the Competent Authority in relation to issuing any such approvals to ensure the Investor fulfils its statutory requirements; and

D The Ministry shall notify the Investor of the Competent Authority’s decision to accept or reject the request.


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