Bankruptcy Law
Art. 117Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. In case of multiple distribution decisions and a creditor files a claim prior to the implementation of the final distribution decision, such creditor
shall, if possible, receive his due share from previous distributions at the same percentage distributed to other creditors, without prejudice to the
creditors’ priority ranking.
2. If any of the creditors files a claim after the implementation of a single or final distribution decision, such claim shall only be paid if there are
remaining assets, or if the debtor acquires assets after the distribution and prior to the conclusion of the liquidation procedure.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded