Article 124
Art. 124Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
Notwithstanding relevant provisions as applicable – which in the event of possible contradiction will take precedence - a Licensee must not partially or totally shut down its business activities or apply for a winding up, liquidation or other bankruptcy proceedings without first receiving a non-objection letter from SAMA, which may request information and documents to be provided by the Licensee in this regard.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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