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Article (8)
No: أق/13709 | Date(g): 21/8/2011 | Date(h): 22/9/1432 |
Effective from 2011-11-05 - Nov 04 2011
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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. |