| Type: | Judgment |
|---|---|
| Judgment number: | 5078 |
| Date: | 1441-01-03 |
| Source: | Commercial Court |
| Summary: | By AI On 30/10/1441 AH, the Commercial Court in Dammam issued a judgment to open financial reorganization proceedings for Turki bin Abdah Al-Harith, and appointed Mohammed bin Mahmoud Suwan as the Trustee for the bankruptcy. The decision came after the Debtor's request to safeguard his rights and the rights of his Creditors due to his inability to repay debts. The Court confirmed expected annual cash flows of one million Riyals and requested the Trustee to submit a monthly report on the progress of th... |