Government Tenders and Procurement Law
Art. 63Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Guarantees shall be accepted in any of the following forms:
1. A letter of guarantee from a local bank.
2. A letter of guarantee from a bank outside the Kingdom, submitted through a
local bank.
3. Any other form prescribed by the Regulations.
The Regulations shall specify the guarantees’ terms, conditions, and templates.
Chapter 3: Payments
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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