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Article 17: Effects of License Revocation or Expiry

Date(g): 1/3/2020 | Date(h): 7/7/1441

Effective from Mar 01 2020 - Feb 29 2020
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Revocation or expiry of license shall result in liquidation of the finance support company. Such company shall be notified in writing of license revocation, and shall be given a period of (6) months to conduct liquidation. SAMA may also appoint a liquidator.