57 Days
Source:
الاقتصادية
"Isar": Bankruptcy procedures do not necessarily mean the business's exit or liquidation
The Saudi Bankruptcy Committee "Eisar" stated that the opening of a commercial establishment for bankruptcy procedures does not necessarily mean that it will exit the market or cease its activity. The system offers several options, such as preventive settlement, restructuring, and liquidation, aiming to support viable businesses and help the economy grow. In June 2026, 60 bankruptcy cases were announced; however, this does not reflect the number of establishments that will cease operations. The committee emphasizes the system's flexibility and its ability to address the various situations of businesses to ensure their continued operation or organized liquidation.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)