Alqanoni

Railway Law

Art. 12
Status unknownSaudi ArabiaRegulation

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

The infrastructure manager or the bankruptcy trustee appointed in accordance with the provisions of Article 11 of this Law may not, without obtaining the prior approval of the Authority and the infrastructure owner, transfer or agree to transfer ownership of infrastructure assets, including any building or facility constructed thereon; create or approve the creation of security or any other right associated with such assets; or take any action that would lead to the attachment or disposal thereof, unless a final judgment to this effect is rendered.

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

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