Types of License, Minimum Capital Requirement & Minimum Saudi Participation (2024)
No. | License Type | Minimum Capital (SR) | Minimum Saudi Participation (%) |
---|---|---|---|
1 | Commercial with Saudi Partner |
~26.67M* | 25 |
100% Foreign Commercial | 30M | -- | |
2 | Communications | -- | 40 |
3 | Communications Value Added | -- | 30 |
4 | Insurance | -- | 40 |
5 | Reinsurance | -- | 40 |
6 | Property Financing | 200M | 40 |
7 | Property Investment | Value of project should be 30M+ | -- |
8 | Management of Construction projects, detailed engineering design and EPC contracts | -- | 25 |
9 | Public transport (buses) | 500k | 30 |
10 | Public transport (metro) | 500k | 20 |
11 | Joint Stock Company | 500k | -- |
12 | Joint Stock One Person Company | 5M | -- |
13 | Practice other transports activities | 10M | -- |
14 | Digital Brokerage | 2M | -- |
15 | Collection of financing agencies debts | 10M | -- |