International Journal of Computer Science & Network Security

International Journal of Computer Science & Network Security (국제컴퓨터통신보호논문지학회)
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History of The Legal Developments of Corporations in Saudi Arabia

  • Alzhrani, Abdulrahman AA (Law at Collage of Judicial Studies And Regulations - Law Department, Umm Al-Qura University)
  • Received : 2022.08.05
  • Published : 2022.08.30
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Abstract

The Arab Automotive Company was the first corporation in Saudi Arabia and was founded in 1928. Since then, the number of Saudi corporations had increased. In 1985, Tadawul (The Saudi Stock Exchange ) was instituted under the supervision of the Saudi Arabian Monetary Authority (SAMA) and the base value of the index was 1000. This decision came as a response to accelerated growth in the number of Saudi corporations which had increased during the 1970s as the Saudi's economy developed.

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References

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