Finance Companies Control law
Art. 20Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Upon concluding any finance contract falling within their powers, the chairman, board members and
employees of the finance company shall disclose in writing the following:
1. Any relation with respect to the contract.
2. Any relation to the contract of any relative up to the second degree.
3. Any financial interest they have with any contract party.
In case of non-disclosure, an aggrieved party may file a lawsuit before the competent court to invalidate
the contract.
Chapter 5 Supervising Finance Companies
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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