Saudi Arabia has some of the world's tightest restrictions on women, and is the only country where they are not allowed to drive.
Under the guardianship system a male family member, normally the father, husband or brother, must grant permission for a woman's study, travel and other activities.
But the Arab News said a royal decree issued by King Salman ordered that women are no longer required to obtain a guardian's consent for official services "unless there is a legal basis for this request" under Islamic law.
Other Saudi media including the Sabq online newspaper, which is close to authorities, have carried similar reports.
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Sahar Hassan Nasief, a women's rights activist in the Red Sea city of Jeddah, welcomed royal attention to the issue but said it remained unclear what will change under the decree.
"We still need more. We still need to get rid of the guardianship completely," she told AFP.
Nassima al-Sadah, an activist in the Gulf coast city of Qatif, said she does not think the government is about to end guardianship.
"Maybe they will just reduce it," she said.
United Nations special rapporteur Philip Alston, on a visit to Saudi Arabia in January, said the guardianship system needs reform.
Activists say that even female prisoners have to be received by the guardian upon their release, meaning some have to languish in jail or a shelter beyond their sentences if the man does not want to accept them.
Although the government no longer requires guardian permission for women to work, Human Rights Watch said in an earlier report that many employers still demand guardian consent in order to hire a woman.