Commercial Maritime Law
Art. 385Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
A licensee who fails to comply with his license obligations or who breaches any
of its terms or any of his obligations towards his clients shall be subject to one
or more of the following:
1. A warning notice of license withdrawal or revocation.
2. Suspension of license for a period not exceeding one year.
3. Withdrawal or revocation of license.
4. A fine of not less than 5,000 riyals and not more than 100,000 riyals.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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