Beneficial ownerIn Arabic: المستفيد الحقيقي

Definition

The natural person who ultimately owns or effectively controls a legal entity, directly or indirectly. Several GCC laws require companies to keep a register of their beneficial owners and to disclose it to the competent authority. The concept is central to anti-money laundering rules.

How it varies across the GCC

Disclosure registers differ.

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.