Alqanoni

Civil Transactions Law

Art. 356
Status unknownSaudi ArabiaRegulation

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

Subject to legal provisions, an agent may not purchase for himself anything that he is entrusted to sell in his capacity as an agent, whether in his own name or in the name of another person, even by way of auction, unless he is authorized to do so, nor may a broker or expert, or a person of a similar capacity, do the same with the property they are entrusted to sell or valuate.

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

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