Civil Transactions Law
Art. 660Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If a person purchases a property subject to a right of first refusal and then sells
said property to another person before the holder of the right of first refusal
expresses his intention to exercise such right as stipulated in Article 666(b and
c) of this Law, the holder of the right may only acquire such property by paying
the price for which it was sold to the second buyer along with the sale expenses.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded