GREAT HOPE TO THE EXPATRIATES,FOREIGNERS ALLOWED TO RUN SAUDI-OWNED COMPANIES

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 Riyadh: The Saudi Ministry Of Commerce With A Decision That Gives Great Hope To The Expatriate World In Saudi Arabia.

The Decision Will Allow Companies Owned By Saudi Nationals To No Longer Be Run By Foreigners. Leading Saudi Daily Uqad Quoted The Sources As Saying.

With This, Foreigners Will Have The Freedom To Work As Managers In Saudi-run Companies And As Company Executives Instead Of Saudis.

The Report Also States That The Current Law That Non-saudis Are Not Allowed To Run The Company Has Been Withdrawn

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Announcing This, The Minister Of Justice, Dr. Waleed Al Swamni, Issued A Circular. The Ministry Of Justice Received An Urgent Message From The Minister Of Commerce, Who Is Also The Chairman Of The Board Of Directors Of The National Competitiveness Center, That The Karma Committee, Which Was Set Up To Look Into The Matter, Had Informed Him That There Was No Legal Impediment To The Appointment Of Foreigners As Managers Of Saudi Companies. 

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