7. Annex (A): Essential Documents and Requirements for Obtaining Preliminary Approval
Effective from May 02 2025 - May 01 2025
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| The required document to be submitted via : LICPayments@SAMA.GOV.SA | Company Type |
| 1 | A letter from the company requesting preliminary approval, signed by the owner, chairman, or CEO | Under Establishment |
| 2 | A decision from the owner or board of directors supporting the preliminary approval request, specifying the person authorized to submit and follow up on the request. | Under Establishment |
| 3 | The completed and signed license application form | |
| 4 | A draft of the Articles of Incorporation showing the names of the owners and their ownership percentages | |
| 5 | A draft of the company’s bylaws | |
| 6 | A fit and proper form and its attachments for all principal shareholders | |
| 7 | A fit and proper form and its attachments for the CEO and the Compliance Officer | |
| 8 | Proof of the minimum required capital | |
| 9 | A business plan including a sufficient explanation of the regulatory and operational aspects | |
| 10 | A chart of the company’s ownership structure | |
| 11 | An organizational chart, including details of the board of directors and senior positions | |
| 12 | Proof of the reservation of the trade name with the Ministry of Commerce |