Saudi Arabia SSIC Code 941212: Owners’ Association of Joint Properties

Saudi Standard Industrial Classification (SSIC 2026)
Classification Level: Activity | Official Code: 941212

Executive Summary & Classification Scope

SSIC code 941212 designates Owners’ Association of Joint Properties (جمعية ملاك العقارات المشتركة) under the official Saudi Standard Industrial Classification (January 2025 / 2026 Edition, based on UN ISIC Rev. 4) administered by the General Authority for Statistics (GASTAT).

Detailed Description: An entity established by the owners or their representatives in a shared property for the purpose of managing all the affairs of that property, in accordance with the provisions of the Law and Articles of Association

It serves as the mandatory regulatory benchmark for Commercial Registration (CR) with the Ministry of Commerce, MISA foreign investment licensing (allowing up to 100% foreign equity ownership), municipal permits on the Balady portal, and Nitaqat Saudization quota determinations by MHRSD.

Key Classification Facts

Related Activities in Same Class

Regulatory & Business Setup Use Cases in Saudi Arabia

1. Ministry of Commerce (MC): Required on your Saudi Commercial Registration (CR) to legally define the company’s business activities.
2. Ministry of Investment (MISA): Determines eligibility for 100% foreign-owned investment licenses and capital requirements. See our MISA Licensing Guide.
3. ZATCA Taxation & Zakat: Activity categorization for Corporate Income Tax (20%), Zakat (2.5%), and 15% VAT filing rules. See our ZATCA Tax Guide.
4. MHRSD / Qiwa (Nitaqat Quotas): Determines the required percentage of Saudi national employees. Check our Nitaqat Saudization Guide.
5. Balady Municipal Licensing: Establishes commercial shop, office, and warehouse zoning compliance.

Compliance & Regulatory Risk Assessment

Frequently Asked Questions (FAQ)

1. What does Saudi SSIC code 941212 cover?

SSIC 941212 covers Owners’ Association of Joint Properties (جمعية ملاك العقارات المشتركة) under Saudi Arabia’s official industrial classification system.

2. Which authority regulates activities under SSIC 941212?

Activities under this code fall under the supervision of Real Estate General Authority.

3. Can international investors establish a business with code 941212?

Yes. In most sectors, the Ministry of Investment (MISA) permits 100% foreign equity ownership. Refer to our MISA Guide for full requirements.

4. How does SSIC 941212 affect my company’s Nitaqat rating?

MHRSD calculates your Saudization tier based on your primary SSIC activity registered on your Commercial Registration.

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