Companies Law
Art. 74Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Conclusion of Loans and Disposition of Company Assets
The board of directors may conclude loans, regardless of their term; sell or
pledge the company’s assets or place of business; or relieve the company’s
debtors from their liabilities, unless its powers to carry out the same are
restricted by the company’s articles of association or a general assembly
decision.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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