Alqanoni

Bankruptcy Law

Art. 4
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

This Law shall apply to: a) natural persons engaging in commercial or professional activities, or any other for-profit activities in the Kingdom; b) commercial and professional companies, regulated entities, as well as other companies and for-profit entities registered in the Kingdom; and c) non-Saudi investors of a natural or legal personality holding assets in the Kingdom, or engaging in commercial or professional activities, or any for-profit activities through a licensed establishment in the Kingdom. This Law shall only apply to said investors’ assets which are located in the Kingdom.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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