Okaz Newspaper, 6 May 2026: The Ministry of Commerce has published a draft ministerial decision introducing immediate fines for companies that fail to deposit financial statements within the statutory deadline, replacing Saudi Decision No. 239 (1445H).
The draft aims to strengthen compliance and transparency by imposing direct penalties on companies that neglect timely filing. The fines vary according to company type, capital, and management structure:
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All company forms (except non‑listed joint stock companies):
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Capital ≤ 500,000 SAR:
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One manager: 8,000 SAR
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Two or more managers: 4,000 SAR
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Capital > 500,000 SAR:
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One manager: 12,000 SAR
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Two or more managers: 6,000 SAR
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Non‑listed joint stock companies:
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Capital ≤ 5 million SAR: 15,000 SAR
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Capital > 5 million SAR: 20,000 SAR
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Small and micro companies (per Article 7 of the Companies Law executive regulations):
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One manager or board chair: 4,000 SAR
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Two or more managers: 2,000 SAR
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For the 2024 fiscal year, violations will trigger a warning. If a company fails to file for two consecutive fiscal years, and the first year’s violation decision becomes final, the fine for the second year will increase by 50%.