Civil Transactions Law
Art. 387Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. If a loan has a specific maturity date or purpose, the borrower shall not be
obligated to repay the loan prior to said date or prior to the lapse of the
reasonable period for utilizing the borrowed property for similar purposes.
2. If a loan does not have a specific maturity date or purpose, the borrower shall
repay the loan upon the lender’s request, unless repayment is prejudicial to
the borrower; in such case, he shall repay the loan only upon the lapse of
the reasonable period for utilizing similar property.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded