Best Banking & Finance Lawyers in Riyadh

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Sahal Law Firm

Sahal Law Firm

15 minutes Free Consultation
Riyadh, Saudi Arabia

Founded in 2015
53 people in their team
English
Arabic
Sahal Law Firm - Riyadh, Saudi ArabiaSahal Law Firm is a premier Saudi law firm in Riyadh providing bilingual (Arabic / English) counsel to local and international clients. we deliver end-to-end solutions in mergers & acquisitions (M&A), SAMA fintech licensing, corporate and commercial law,...
ASRLAWGROUP LLC  اتحاد العصر للمحاماة والاستشارات
Riyadh, Saudi Arabia

Founded in 2012
25 people in their team
Arabic
English
AsrLawGroup - Saudi Arabia | Full Services Law Firm in Saudi ArabiaStart Confidently. Protect What Matters.A Full-Service Law FirmAt ASRLAWGROUP LLC, we offer a comprehensive suite of legal services covering all areas of law, catering to both individuals and businesses alike. We believe that legal...
Dr. Mohammed Alhashem law firm
Riyadh, Saudi Arabia

Founded in 2022
9 people in their team
Arabic
English
Top-Tier Legal Services in Saudi Arabia | Dr. Mohammed Alhashem Law FirmLeading Legal Excellence in Saudi ArabiaAt Dr. Mohammed Alhashem Law Firm, we are committed to delivering world-class legal services rooted in deep local insight and global best practices. Based in Riyadh, Saudi Arabia, our...
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A&M Law Firm
Riyadh, Saudi Arabia

Founded in 2020
12 people in their team
Arabic
English
A&M is a dynamic, full service law firm led and operated by Saudi lawyers with a strong foundation of corporate, commercial and dispute resolutions experience. We are based in Riyadh, assisting clients from all around the world with our considerable knowledge of the local Saudi market. We...
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Trabulsi & Co.
Riyadh, Saudi Arabia

Founded in 2015
12 people in their team
Arabic
English
Trabulsi & Co. is a KSA (Riyadh-Jeddah) based Law Firm providing high-quality services that rise to international standards while maintaining our national values. Specializing in litigation, corporate advisory, and legal project management we provide services directed to both local and...
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Younes & Associates
Riyadh, Saudi Arabia

Founded in 1987
10 people in their team
Arabic
English
French
HistoryEstablished in 1987 by distinguished legal minds, Mohammed Al Jarbou & Boutros Younes, our law firm has proudly navigated over three decades in the region's legal arena. The strength of their expertise has cemented our reputation as a dependable beacon for both corporate entities and...
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AlArfaj & Partners Law Firm
Riyadh, Saudi Arabia

Founded in 1985
50 people in their team
About UsAlArfaj & Partners is a law firm with national and international scopes and a particular focus on the Saudi Arabian market, providing our clients with a wide range of professional legal services. Our clients are our partners and their success is ours. We are dedicated to bringing a...
ALBURHAN LAW FIRM
Riyadh, Saudi Arabia

Founded in 2009
50 people in their team
Arabic
English
11 experience yearsAlburhan is a Saudi professional company to provide legal services in accordance with international standards and practices and our core valuesAlburhan was started in 2009, then was established as a company in 2018.In Alburhan, we were keen to devise modern, effective, and...
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About Banking & Finance Law in Riyadh, Saudi Arabia

The banking and finance industry in Riyadh, Saudi Arabia, is governed by a robust legal framework implemented by the Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority (CMA). The system is in line with international standards and provides for the establishment and operation of local and international banks, investment firms, and associated financial institutions.

Why You May Need a Lawyer

Engaging in business or personal activities related to banking and finance in Riyadh could necessitate the services of a lawyer. Situations include setting up a banking establishment, drafting various contracts, dealing with loans, or settling disputes with financial institutions. Lawyers can also help navigate complex regulatory requirements, deal with matters related to securities, investments, and provide assistance during financial transactions or audits.

Local Laws Overview

One of the key laws governing the banking industry in Riyadh is the Banking Control Law, decree no. M/5 of 22.03.1386H, which sets out the legal framework for banking operations. It covers areas including the licensing of banks, their management, audits, confidentiality and penalties for non-compliance. There is also the Capital Market Law which regulates the activities of the securities market. Furthermore, SAMA and CMA regularly issue circulars and policies detailing the obligations of all entities operating in the sector.

Frequently Asked Questions

Do I need a license to open a bank in Riyadh?

Yes, setting up a bank in Riyadh requires a license from SAMA, and the process follows stringent legal requirements, including the submission of detailed plans and vetting of key personnel.

Are there specific laws for foreign investors?

Yes, there are specific provisions for foreign investors in the banking sector, according to the Saudi Arabian Foreign Investment Regulations. However, restrictions may exist, and legal counsel is advised for detailed understanding.

How are banking disputes handled?

Banking disputes are generally handled by courts. However, arbitration and mediation mechanisms are also available. It is always best to seek legal advice for representation in dispute resolutions.

How are banking and financial transactions taxed in Riyadh?

Banking and financial transactions fall under Zakat, the Islamic tax system. Generally, a 2.5% rate applies to most entities. However, some exceptions and unique rules do exist, for which legal guidance is beneficial.

Are there any banking privacy rights?

Yes, the Banking Control Law emphasizes customer confidentiality, with significant penalties for violations. Banks are required to maintain the secrecy of their customers' accounts, deposits, and safes.

Additional Resources

Some valuable resources regarding banking and finance law in Riyadh include SAMA's and CMA's websites, which provide regular updates and detailed information on the industry. The Ministry of Justice's portal also presents relevant legal information, while professional legal firms offer expert advice and assistance.

Next Steps

If you need legal assistance in matters of banking and finance in Riyadh, the next step would be to contact a local legal firm specializing in banking and finance law. Prioritize firms with a deep understanding of the industry and proven experience in handling similar cases. Have all your documents ready and be prepared to discuss your specific legal needs in detail.

Lawzana helps you find the best lawyers and law firms in Riyadh through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Banking & Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Riyadh, Saudi Arabia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.