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  • Essay / Corporate Governance in Saudi Arabia - 537

    IntroductionThe Kingdom of Saudi Arabia is considered one of the most religious and conservative countries in the world, as it is home to two of Islam's holiest cities , Mecca and Medina. Mecca is considered the holiest city for Muslims, because it is here that the Grand Mosque and the Kaaba are located, where Muslims must visit and perform at least one pilgrimage during their lifetime (but only if they are capable of it). financially and physically, and if they are unable for such reasons, they are considered exempt from this requirement).HistoryIt is necessary to understand the basic configuration of Saudi laws in order to understand how the country and the businesses. Due to its historical and ancient ties to Islam, Saudi Arabia is a country with a legal system based entirely on Islamic law. Islamic law is called “Sharia”. Sharia law has its origins in the book of the Holy Quran and is considered the “infallible law of God” and deals with many subjects of life, including personal life, crime, politics, economics, etc. When there are no specific rules and regulations...