Civil Transactions Law
Art. 39Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Without prejudice to legal provisions, a contract shall not be concluded at
auction except after the bid is awarded. A bid is canceled when a higher bid is
made, even if the higher bid is subsequently void, or if the auction closes without
a bid being awarded.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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