Civil Transactions Law
Art. 668Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
A right of first refusal claim may be filed against either the seller or the buyer.
In a right of first refusal claim, the court may grant the holder of the right a grace
period of 15 days to deposit all or part of the value of the sold property, at the
discretion of the court, with an entity to be designated by the Minister of Justice;
otherwise, his right of first refusal shall be forfeited.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded