Saudi Arabia tightens beneficial ownership rules

Saudi Gazette reportRIYADH — Minister of Commerce Dr. Majed Al-Qasabi has approved amended rules for identifying the beneficial owner. The new rules stipulate that a natural person must hold 25 percentSaudi Gazette reportRIYADH — Minister of Commerce Dr. Majed Al-Qasabi has approved amended rules for identifying the beneficial owner. The new rules stipulate that a natural person must hold 25 percent