Alqanoni

Civil Transactions Law

Art. 592
Status unknownSaudi ArabiaRegulation

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

1. If the surety demands discussion, he shall, at his own expense, inform the creditor of the property owned by the debtor which is sufficient to satisfy the entire debt. This shall not include property located outside the Kingdom or property subject to a dispute. 2. In cases in which the surety informs the creditor of the debtor’s property, the creditor shall be liable to the surety for the debtor’s insolvency which results from the creditor’s failure to take the necessary measures in a timely manner.

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

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