Alqanoni

Law of Collective Real Estate Investment Schemes

Art. 29
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

Without prejudice to Article 17 of this Law, the collective real estate investment scheme shall retain its legal personality until its liquidation is completed, and shall terminate in any of the following cases: 1. If it is sold in accordance with the provisions of this Law and the Regulations. 2. If its term expires, unless such term is extended in accordance with the provisions of this Law and the Regulations. 3. If the purpose for which it was created becomes impossible to achieve. 4. If it is canceled in accordance with the provisions of this Law and the Regulations. 5. If a final court judgment for its liquidation is issued.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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