1441 - 4 - Dhu al-Qi'dah

Type:	Judgment
Judgment number:	9152
Date:	1441-11-10
Source:	Commercial Court
Summary:	By AI Abdulrahman bin Ali Al-Dubayghi, the owner of Mana Water Factory, submitted a request to the Commercial Court in Riyadh to initiate financial reorganization proceedings due to the difficulties faced by his business as a result of accumulated debts. The factory was established in 2016 and began production in 2018, and it is facing 32 creditors with a total amount of debts due. Despite obtaining quality certificates, the factory has suffered from low sales and increased expenses, leading to ongoin...

Type:

Judgment

Judgment number:

9152

Date:

1441-11-10

Source:

Commercial Court

Summary:

By AI

Abdulrahman bin Ali Al-Dubayghi, the owner of Mana Water Factory, submitted a request to the Commercial Court in Riyadh to initiate financial reorganization proceedings due to the difficulties faced by his business as a result of accumulated debts. The factory was established in 2016 and began production in 2018, and it is facing 32 creditors with a total amount of debts due. Despite obtaining quality certificates, the factory has suffered from low sales and increased expenses, leading to ongoin...