Move to slap SR500 fine on companies if failed to disclose beneficial owner data

Move to slap SR500 fine on companies if failed to disclose beneficial owner data Move to slap SR500 fine on companies if failed to disclose beneficial owner data

Saudi Gazette reportRIYADH — The Ministry of Commerce unveiled plans to penalize companies if they failed to disclose beneficial owner data or submit annual confirmation of that data. The proposed penalty

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