The analytical explanation of the Saudi Companies System Part 2 The Joint Stock Company by Dr. Abdulrahman Al-Osaimi

The analytical explanation of the Saudi Companies System – Part One: General Provisions for the Company – General Partnership – Simple Limited Partnership Dr. Abdulrahman Al-Sulmi First Edition 1447 AH Number of pages: 420 pages The written book The Saudi Companies System issued by Royal Decree No. (M/132) dated 1/12/1443 AH is one of the most important contemporary economic systems in the Kingdom of Saudi Arabia, as it came in response to the requirements of developing the investment and commercial environment, and enhancing governance and transparency in line with the objectives of Saudi Vision 2030. This system highlights a noticeable development in organizational structure by combining flexibility in establishing companies and expanding their legal forms, with regulation within a strict legal framework that ensures a balance between economic and social interests. This study aims to provide an analytical academic explanation of the Companies System by addressing its elements according to an organized scientific methodology, focusing on the following axes: 1- Classifying the nature of the regulatory materials in terms of function, and clarifying whether they are definitional, declarative, organizational, or exceptional. 2- The legal purpose of the texts, by revealing their objectives in regulating the legal identity of companies and protecting economic sovereignty. 3- Theories, foundations, and legal standards upon which the system is based, such as contract theory, legal personality theory, and organizational theory. 4- Linguistic and legal analysis of the texts, to clarify the regulatory implications of the terms and expressions and their systematic formulation. 5- The conclusion, which combines various theoretical and practical dimensions, highlighting the organizational value of the system and its impact on developing the business environment. Through this approach, the study seeks to go beyond the descriptive aspect of the regulatory texts, reaching an in-depth analysis that reveals the philosophy of the regulator and its objectives, and clarifies how the system has contributed to building an integrated legal framework that enhances investor confidence, supports economic growth, and consolidates the Kingdom’s sovereign role in regulating commercial activities.