SAUDI ARABIA Law and Practice Contributed by: Alex Saleh, Asad Ahmad, Khaled al-Khashab and Shahad Al-Humaidani, GLA & Company
8.3 Ability of Third Parties to Appeal Clearance Decisions The authors are not aware of any third-party appeals of GAC decisions to date.
For clarity, the Saudi Arabian Ministry of Invest - ment should be notified in the event that there is a change in ownership within a company. There is otherwise no specific filing required with respect to foreign direct investment or foreign subsidies.
9. Foreign Direct Investment/ Subsidies Review
9.1 Legislation and Filing Requirements Any company registered to do business in Saudi Arabia and thereafter entered into the transaction involving the entering or exiting of shareholders, will generally need to file the proper documenta - tion reflecting the change in the company com - mercial registry.
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