Alpha Consulting
Joint Stock Company

The structure for Saudi scale.

For large enterprises, regulated sectors, and companies preparing for a Tadawul listing.

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  • A named specialist, not a queue
  • Clear timeline and costs upfront

IPO-ready · Higher capital · Governance-grade · Tadawul-eligible

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What is a JSC

The full joint-stock structure, for the largest commitments to the Kingdom.

A JSC is Saudi Arabia's traditional public-eligible company form. Higher capital, formal board governance, and the structure expected of large industrial, financial, and listed businesses. The path to a Tadawul listing.

01

Higher capital and governance

Statutory capital minimums and formal board, audit, and disclosure obligations. The structure regulators expect for size.

02

IPO-eligible and Tadawul-ready

The traditional path to a listing on the Saudi Exchange. The structure CMA and Tadawul expect.

03

Built for regulated sectors

Banking, insurance, payments, and large industrial businesses fit naturally into the JSC shape.

For the largest commitments.

Large corporations

Multinationals and conglomerates standing up a full Saudi subsidiary.

Industrial companies

Manufacturing, energy, and infrastructure groups deploying at scale.

Financial institutions

Banks, insurers, and payment companies that need a regulated joint-stock form.

IPO and Tadawul candidates

Companies preparing for a public listing on the Saudi Exchange.

What we deliver

Everything the JSC needs to stand up.

Incorporation, governance, capital structuring, and the platform activation to begin trading.

  • MISA investment licence application and issuance
  • JSC incorporation and capital subscription
  • Board, governance, and committee charters
  • Articles of Association drafting and notarisation
  • Commercial Registration and national address
  • Qiwa, ZATCA, and Muqeem platform activation
  • Visas and Iqama for the founding team
  • Corporate bank account with a SAMA-licensed bank

From your decision to your new entity.

A defined, accountable sequence. You always know the current step, the next step, and who owns it.

    1

    Step 01

    Document attestation

    Authenticate your corporate documents via MOFA and embassy or apostille channels.

    2

    Step 02

    MISA licence application

    Prepare and submit your application to the Ministry of Investment, secure approval, and collect the licence.

    3

    Step 03

    Commercial registration

    Draft and notarise the Articles of Association and extract your Commercial Registration.

    4

    Step 04

    Government platforms

    Register your national address and activate Qiwa, ZATCA, and Muqeem.

    5

    Step 05

    Visas & bank account

    Issue the GM visa, onboard your founding team, and open your corporate bank account.

Quick answers on the JSC route.

When is a JSC the right choice over an SJSC or LLC?
When you are deploying significant capital, operating in a regulated sector (banking, insurance, large industry), or preparing for a public listing. For most other businesses, an LLC or SJSC is lighter and faster.
What is the minimum capital?
JSC capital floors are higher than other structures and vary by activity. Regulated sectors (banking, insurance) carry additional capital requirements on top. We size it precisely at scoping.
Does a JSC have to list publicly?
No. A JSC can stay private. The structure is simply IPO-eligible. Many JSCs operate as closed companies for years before listing, or never list at all.
How long does setup take?
Typically 6 to 12 weeks. Capital subscription, governance setup, and regulatory approvals add structuring time on top of the standard MISA flow.
Can foreigners own 100% of a JSC?
Yes, in most activities. A MISA licence permits full foreign ownership of the JSC, with the same activity-by-activity rules as other structures.
Are board and committee positions required?
Yes. A JSC requires a formal board, an audit committee, and prescribed governance practices. We help you structure them in line with the Companies Law and sector requirements.

Incorporate your JSC.

Thirty minutes with a specialist who has stood up regulated and IPO-bound JSCs.