Law of Selling and Leasing Off Plan Real Estate Projects
Art. 21Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. A committee, or more, formed by a decision of the Official for a renewable term of three
years shall review violations of the provisions of this Law and the Regulations, except for
the violations provided for in Article 24 of this Law, and shall impose fines not exceeding
one million riyals. Said committee shall consist of at least three members, and its formation
decision shall name its chairman, who must be a specialist in Sharia or law. The
committee’s decisions shall be issued by majority vote, reasoned, and approved by the
Official.
2. The Regulations shall specify the committee’s work rules and procedures and the
remuneration of its members.
3. Committee decisions may be appealed before the Administrative Court within 60 days
from the date of notification of the decision.
Law of Selling and Leasing Off-Plan Real Estate Projects
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded