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Article 124
Date(g): 13/6/2023 | Date(h): 25/11/1444 | Status: In-Force |
Translated Document
Effective from Jun 13 2023 - Jun 11 2023
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Taking into account the relevant provisions and their priority in application, in the event of any conflict, the licensee shall not completely or partially close its commercial activities or apply to initiate liquidation, termination or other bankruptcy proceedings without obtaining a letter of no objection from SAMA. In this case, SAMA may request the necessary information and documents from the licensee.