Saudi Cabinet approves commercial transactions law

The Saudi Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved today, Oct. 27, the Commercial Transactions Law at a meeting in Riyadh.

The Cabinet also approved the reconstitution of the National Water Co.’s (NWC) board, chaired by Abdulrahman Asl-Fadhli, Saudi Press Agency reported.

Moreover, it reaffirmed Saudi Arabia’s commitment to regional and international security and stability, underscoring the pivotal role of the Makkah Agreement countries in maintaining regional stability and backing mediation efforts by Qatar and Pakistan to de-escalate tensions, along with all initiatives aimed at achieving peace.