Anti Concealment Law
Art. 12Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. Conviction for the offense provided for in Article 3(a) of this Law shall include
the following:
a) Dissolving the entity subject of the offense, revoking the license or
approval issued to practice the activity, and revoking the commercial
registration of the convict, unless the criminal court decides otherwise.
b) Prohibiting the convict from practicing the economic activity subject of the
offense and any other commercial activity for a period of five years
commencing on the date the judgment becomes final.
2. Persons convicted of committing any of the offenses provided for in Article
3(a) and (b) of this Law shall jointly pay Zakat, taxes, fees, and any other
obligation required from the entity.
3. The competent authority shall provide a copy of the judgment rendered
regarding any of the offenses provided for in this Law to the Ministry for legal
action.
4. The competent authority shall provide a copy of the judgment rendered
against the persons committing any of the offenses provided for in Article
3(a) and (b) of this Law to the General Authority of Zakat and Tax for legal
action.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded