Corporate · Legal glossary
Articles of associationIn Arabic: النظام الأساسي
The difference between themDefinition
The document that sets the rules for running a company, especially a joint-stock company: its bodies, their powers and shareholders' rights. The Saudi Companies Law uses the expression النظام الأساس, and in some states its provisions may be combined with the memorandum of association.
How it varies across the GCC
KSA text uses النظام الأساس.
The rules that apply to a specific matter depend on the state, any free zone involved and the current text of the law, so check the official source before relying on them.