Finance Companies Control law
Art. 18Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Without prejudice to Article 12(1) (a) of this Law, members of the board of directors of a finance
company shall be jointly and severally liable for guaranteeing the company’s rights against losses
resulting from granting finance without collateral.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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