1441 - 20 - Rabi' al-Awwal

Type:	Judgment
Judgment number:	1266
Date:	1441-03-13
Source:	Commercial Court
Summary:	By AI Sulaiman bin Saliba bin Muhammad Al-Harbi, the owner of Arab Trends Contracting Establishment, submitted a request to the Commercial Court in Riyadh to initiate administrative liquidation proceedings due to his financial distress and the accumulation of debts that exceeded the value of his assets. The documents revealed that his total debts amount to a certain sum in riyals owed to five creditors, while his assets consist of two cars and a cash amount of 1,300,000 riyals. The court decided to su...

Type:

Judgment

Judgment number:

1266

Date:

1441-03-13

Source:

Commercial Court

Summary:

By AI

Sulaiman bin Saliba bin Muhammad Al-Harbi, the owner of Arab Trends Contracting Establishment, submitted a request to the Commercial Court in Riyadh to initiate administrative liquidation proceedings due to his financial distress and the accumulation of debts that exceeded the value of his assets. The documents revealed that his total debts amount to a certain sum in riyals owed to five creditors, while his assets consist of two cars and a cash amount of 1,300,000 riyals. The court decided to su...