Close Corporations in Saudi Arabia Face Minority Shareholder Protection Crisis
The article discusses how minority shareholders in close corporations face unique challenges like lack of market liquidity and oppression by majority shareholders. Different countries have different ways to protect these minority shareholders, such as through contracts, laws, or courts. The article focuses on the Saudi Companies Law of 2015 and evaluates its strengths and weaknesses in protecting minority shareholders. The researchers suggest that the Saudi legislature should make changes to improve corporate governance and better protect minority shareholders in close corporations.