Dear Partners, Friends and Colleagues, Halfway through the year, as we approach the start of the second half of the year, we would like to thank our valued clients and suppliers for their continued support, and we are proud of the steps we are taking towards our goals for this year, with Digital transformation, a new SETRA, a Digital SETRA, and the alliance of SETRA with the Kingdom’s Vision 2030, creating momentum to thrive and achieve our goals by being one of the leaders in our respective fields. From a legal perspective, a country’s desire to develop its business environment, encourage investment and accelerate economic development should also include a review of the rules and performance of the judicial system. The Ministry of Justice has made good progress in reviewing and reforming the efficiency of legal and judicial systems in Saudi Arabia in the recent years. However, given the far-reaching and ambitious objectives of Vision 2030, further reforms will ensure that the legal infrastructure in Saudi Arabia is sufficiently robust to deal with the increased activity in the economy both from local and foreign investors. Further reforms are likely to codify Sharia law to unify court judgments, review and update existing laws and regulations, ensure the implementation of these laws in the courts, and the recruitment and training of highly skilled judges and administrative staff. With these and further reforms envisaged, the reformed legal system in Saudi Arabia will provide the judicial infrastructure for Vision 2030 to be achieved. On a final note, I would like to thank once again everyone at SETRA who have carried out the company’s core values and are adapting to the changes and reforms that the Kingdom is conducting during these times, proving SETRA’s ability to overcome challenges and change. What remains for me, and on behalf of the management team, is to send our best wishes for this holiday, and a Happy Eid to you and your loved ones. Best Regards, Mohammed Al Tayash Group Legal Consultant OPCOM Meeting
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