| Type: | Judgment |
|---|---|
| Judgment number: | 6531 |
| Date: | 1441-12-29 |
| Source: | Commercial Court |
| Summary: | By AI On December 31, 2019, the Commercial Court in Riyadh issued a ruling to initiate financial reorganization proceedings for the Specialized Technical Maintenance Center Company, which is facing financial distress due to its debts exceeding its assets. Claims were suspended for 100 days, with the possibility of extension, and Mohammed bin Yahya Al-Shahrani was appointed as the procedure administrator. The company, which operates in the automotive maintenance sector, incurred losses estimated at 3.6... |