Guest Post: Numerous Investor Rights in Saudi Arabia Exist; but Not Appraisal
Appraisal Rights
DECEMBER 12, 2019
One of the instrumental rights corporate statutes bestow upon shareholders is the appraisal right. This right allows dissenting shareholders of a target company in a corporate control transaction (i.e. mergers and acquisitions) to receive better value for their shares as it is determined by the judiciary. The Saudi Arabian Companies Law of 2015 (CL), nonetheless, did not prescribe such a remedy, nor did any other implementing regulations stipulate this right for shareholders.
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