Govt mandates new requirements for Saudi-expat marriage

October 16, 2016

Jeddah, Oct 16: The Kingdom has mandated new requirements for the marriage of Saudi men and women to non-Saudis.

marriageThe new regulations require that the income of a Saudi man be at least SR3,000, his age be between 40 and 65, and that appropriate housing be secured.

The age of a non-Saudi woman must be at least 25 years, and there cannot be an age difference greater than 30 years between the spouses in all cases, according to the new regulation.

For those men who have been previously married to a Saudi or non-Saudi woman, at least two years must have passed since the date of divorce.

However, if the Saudi woman is still married to the man at the time of the request, a medical report from a government or private hospital, approved by the Ministry of Health, must be attached proving the wife is unable to carry out marital duties or is infertile.

The requirements also stipulate that the owner of the request must sign all modules and adopted decisions by the competent authority, including that the approval of marriage to a non-Saudi wife does not grant her the right to obtain Saudi nationality.

Fingerprints of the applicants must be taken after their information is linked electronically to the competent authority at the Ministry of Interior, authorizing authorities at the ministry to review all civil records and data through the Bayanati service.

In cases of Saudi women marrying a non-Saudi man, the age of the woman seeking marriage must be between 30 and 55 years at the time of the request, and there must be no age difference greater than 10 years between the spouses to ensure she is not being exploited.

The age requirement is lowered to 27 years for those with disabilities or illnesses that have made her unacceptable to Saudis, or for those with special circumstances, such as orphans, provided an official document is provided by the Ministry of Labor and Social Development proving this.

Non-Saudi males must not have a Saudi or non-Saudi wife, not be previously married to a Saudi woman, and proof must be submitted that he has no

criminal record or past in his home country or in the Kingdom. Medical documentation must also be submitted proving absence of infectious or genetic diseases, in addition to documentation that he has not previously worked for a foreign army or was included on the black list for entry to the Kingdom.

The monthly salary must be at least SR5,000, and appropriate housing must be available. He must also have a valid iqama, while the Saudi spouse must attach documentation that she acknowledges marrying a non-Saudi man which does not mean his eligibility or the eligibility of her children to obtain Saudi nationality.

The applicant must not be a national of one of the countries whose nationals are prevented or forbidden from marrying Saudi nationals. The non-Saudi must be of a certain nationality and have documents proving this, while their passport must be valid without restrictions with a remaining validity period of at least 12 months. The non-Saudi must also have a valid residency permit, and both parties must pass a security check by concerned authorities.

The requirements also stipulate that there must be underlying social reasons prompting a Saudi to marry a non-Saudi, and that the marriage visa of the spouse be valid for only one year. In the case of not benefiting from the visa, at least four years must pass before making another request in this regard, with the approval of the spouse.

According to legal adviser Abdulaziz Al-Harthy, court cases involving Saudi and non-Saudi spouses are numerous, mostly related to custody or inheritance issues.

Last week the Ministry of Justice issued a decision giving judges the right to rule that a non-Saudi wife or non-Saudi husband can stay in the Kingdom until completion of the litigation period, and that citizens cannot abuse Absher to issue final exit visas.

Al-Harthy said the decision has contributed tremendously to protecting the rights of non-Saudi spouses, and ensuring they do not leave the Kingdom until after completion of trials and realizing their full rights, as well as minimizing the abuse of regulations by citizens to harm others.

Comments

Wonder Kotian
 - 
Sunday, 16 Oct 2016

Bap ray Bap where are you my friend?? are you hanging around Snake land, surprise you met SAUDI, are you looking for visa to go Saudi?? many of your brother awaiting in this desert land, you do not go for Chumma then you have to have special training not like your snake land training, why cant you come our gods own country?? you looks like Moodiji, both are wife less, why cant you start WIFE LESS GROUP UNION (WLGP) looks better than Terrorist.
then you can start your real GANGASARA business.

Well Wisher
 - 
Sunday, 16 Oct 2016

Hihihi. Koopa mandooka Naren!!! Mandooka thinks that Koopa is everything. Just ask your Chaddi brothers in KSA. These are the rules set by KSA. You may be enjoying prostitution in Singapore or Thailand. Feel sorry for you.

Naren kotian
 - 
Sunday, 16 Oct 2016

Aprushyathe ...Saudi consider them as purest ...and others are fit for toilet cleaning. ..that's too I met a Saudi in Singapore ..he said. ..non Saudis are fit for toilet cleaning ,meat cutting and car and dish washing only ....they said they won't allow their sisters to give chummah to non Saudis in the name of ummah ...haha

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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News Network
April 16,2020

Dubai, Apr 16: Saudi Arabia reported 518 new cases of coronavirus, bringing the total number of infections in the country to 6380, the Ministry of Health announced on Thursday.

According to the ministry of health, the number of recoveries today were 59, making total of recoveries in the kingdom 990, with 71 critical cases in intensive care.

The ministry also confirmed 4 deaths, bringing the total number of deaths in the kingdom to 83.

Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar. This week the curfew was extended until further notice by king Salman

Overall, Saudi Arabia has reported one of the lowest rates of infections in the region, with around 6000 cases in a population of over 30 million.

Private sector support

Saudi Arabia has allocated SR50 billion (Dhs49 billion)to support the private sector as part of its package of initiatives approved by King Salman on Wednesday aimed at mitigating economic repercussions from the coronavirus disease (COVID-19).

The package targets small and medium-sized enterprises (SMEs) and economic activities that have been most affected by the pandemic.

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