Ministry of Commerce of Saudi Arabia has allowed expats to run Saudi-owned companies.
The Ministry of Justice has revoked the second paragraph of the ministerial decision issued in the Hijri year 1426, which states that it is not permissible for a foreigner to manage a Saudi company.
The Ministry of Commerce has reached the conclusion after studying the issue that there is no objection in appointing non-Saudis as managers/CEOs of Saudi-owned companies or authorizing them to act in place of Saudis for running the companies.
Source: Saudi Gazette
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