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Article (8)

No: أق/13709 Date(g): 21/8/2011 | Date(h): 22/9/1432

The license shall be terminated in the following cases:

 1-automatically upon its expiry date, if not renewed;
 2-dissolution of the company for any cause stipulated in the Companies Law;
 3-issuance of a decision to revoke the license; and
 4-failure of the company to conduct business within 12 months from the issuance date of the license without reasonable justifications acceptable to SAMA.