Saudi Arabia Enforces new Anti-Concealment Law rules 2021
Saudi Arabia Enforces new Anti-Concealment Law rules 2021
The Kingdom of Saudi Arabia has been taking significant steps to improve the legislative environment. This is through the development of Saudi new rules and the reform of existing legislation as part of the Saudi Vision 2030; which intends to lessen the Kingdom of Saudi Arabia’s dependence on oil, expand its economy, and encourage foreign investment. Therefore, this is where the anti concealment law comes into place.
In this article, we will be talking about new rules in Saudi Arabia 2021, especially the anti concealment law. To further control commercial operations and battle commercial concealing in the Kingdom, which was still pervasive in the rapidly changing Saudi Arabian market, the anti-concealment law, and its executive regulations are now in place. Let us see:
-What is the anti-concealment law meaning?
-Background of the anti-concealment law
-Concealment acts
-Penalties under this anti-concealment law
-Conclusion