160,500 commercial registers issued in Q4 2024: Ministry

Logo of Ministry of Commerce

The Ministry of Commerce issued 160,540 commercial registers in Q4 2024, a rise of 67% from 95,860 in the year-earlier period, according to the ministry’s quarterly bulletin on the performance of the local business sector.

Women accounted for 46% of the total registers in Q4 2024.

Geographically, Riyadh, Makkah and Eastern Province came on top in terms of the number of commercial registers issued during the three-month period at about 39%, 17% and 16%, respectively, as indicated in the following table:

About 33,380 of the total commercial registers were issued for limited liability companies and 12 for simple limited partnerships.

As many as 118 commercial registers were issued to joint-stock companies, followed by 80 and 102 to simplified joint-stock and general partnership firms, respectively.

The total commercial registers reached 1.61 million in all regions, including 1.19 million for institutions and 413,470 for companies.

Of the active commercial registers, 38% are owned by young people, and 30% are owned by women.

Riyadh topped the regions in terms of existing registers with about 533,330, or 33% of the total. Makkah followed with about 349,380 registers, as shown below: