The Saudi Cabinet has approved a new Commercial Transactions Law that allows individuals aged 15 and older to engage in trade, subject to certain conditions. Under the law, minors in this age group can carry out commercial activities if they obtain authorization from their legal guardian, custodian, or through a court decision.

The legislation represents an update to the regulatory framework governing commercial activities in Saudi Arabia, aiming to provide clearer guidelines for business engagement. Minister of Commerce Dr. Majid Al-Qasabi highlighted the law’s significance in enabling broader participation in the commercial sector while maintaining safeguards through required permissions for younger traders.

The move aligns with ongoing efforts to modernize the country’s commercial environment, potentially expanding opportunities for youth involvement in business and entrepreneurship. Details regarding the specific types of trade permitted and the procedures for obtaining authorization have yet to be fully disclosed.