Article 17: Effects of License Revocation or Expiry
Art. 17Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
Revocation or expiry of license shall result in liquidation of the finance support company. Such company shall be notified in writing of license revocation, and shall be given a period of (6) months to conduct liquidation. The bank may also appoint a liquidator.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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