Required Documents

1. The Company’s Board of Directors’ resolution indicating their plan to invest in the Kingdom of Saudi Arabia, listing the names of shareholders, capital amount, shareholders’ shares, business activity, location, and the appointment of General Manager and his powers, authenticated by the Saudi Embassy.
2. A copy of the business entity’s commercial registry from its country of origin, with authentication from the Saudi Embassy.
3. Evidence demonstrating adherence to contract completion timelines in the previous five years.
4. Documentation showing financial capability aligned with the project’s capital requirements, shareholder contribution, consistency with the project’s implementation plan, and in accordance with the financial restrictions established for the type of activity.

Rules and Restrictions

1. Alignment of the Saudi shareholder(s) percentage and capital with the financial restrictions outlined for the type of activity.
2. The foreign company’s average revenue over the past three years prior to the license grant must be at least 3 billion Saudi riyals, with a minimum asset value of 1.5 billion Saudi riyals.
3. The foreign company must hold licenses in at least two countries and have a minimum of 10,000 employees.
4. The minimum capital requirement for bus procurement, operation, and maintenance must meet the Ministry of Investment’s standards for service sector companies (500,000 SAR).
5. In the case of a Saudi shareholder, a copy of the Department of Transportation/Public Transportation Authority license for bus transportation activities is required.
6. Compliance with the nationalization quotas set by the Ministry of Labor and Social Development for transportation services, as amended.
7. The establishment’s record requesting the license must not include any previous license revocations, either inside or outside of Saudi Arabia, within the ten years prior to the license request.
8. There should be no record of fines or penalties related to traffic safety, either inside or outside of Saudi Arabia, in the ten years prior to the license request.
9. Approval from the relevant authorities in Saudi Arabia for the use of public transportation during emergencies, crises, and wars.
10. Technical specifications and production processes must adhere to Saudi, Gulf, or international standards.
11. The applicant must submit annual plans for improving security levels to the Public Transport Ministry for review.
12. The applicant must provide data of the Saudi national identity, premium residency, residency, or commercial registration data for any participating Saudi companies when submitting the electronic application.