SAGIA License Conditions

The fundamental conditions that must be satisfied by SAGIA to grant a foreign investment license are :
·        The investment activity should not be on the negative list.
·        The intended product must comply with KSA laws.
·        The applicant should be a natural or juristic entity that has come to KSA for investment purposes.
·        The investor must not have substantially breached the FIL in the past
·        The investor must not have been convicted of financial or commercial offences either in KSA or elsewhere, and
·        The grant of the license must not breach any international or regional agreement to which KSA is a party.