Civil Transactions Law
Art. 549Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The company's assets shall be liquidated and divided pursuant to the
proceedings agreed upon by the partners.
2. If the partners fail to agree on the liquidation proceedings, any person with
interest may petition the court for liquidation and distribution of proceeds.
The court may specify the liquidation proceedings, taking into consideration
the nature of the assets to be liquidated, and may, if necessary, appoint a
liquidator.
3. Division of company assets shall be subject to the rules relating to the
division of property owned in common.
Civil Transactions Law
Section 2: Mudaraba Contract
Subsection 1: Establishing a Mudaraba Contract
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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