Saudi Shoura passes draft bankruptcy law

Updated 13 December 2017
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Saudi Shoura passes draft bankruptcy law

RIYADH: The Shoura Council on Monday approved the draft bankruptcy law which consists of 231 articles distributed over 17 chapters, including general provisions.

The draft law aims to regulate bankruptcy procedures for preventive settlement, financial reorganization, liquidation, preventive settlement for small debtors, financial reorganization for small debtors, liquidation for small debtors and administrative liquidation.

The provisions of this law will apply to any person who carries on business or profit-making activities in the Kingdom.

Such provisions shall also apply to commercial and professional companies, entities, organizations and non-Saudi investors.

In another resolution, the council also approved the draft law of transfer and Saudization of technology, submitted by council member Dr. Fahad Al-Anzi, based on Article 23 of the Council’s Law.

The draft law, which consists of 35 articles, aims to keep abreast of the advanced scientific and technical developments in various economic fields, enhancing Saudi Arabia’s own capabilities and enhancing the efficiency of its technical base as well.

It also aims to build the national capabilities and resources necessary to manage, use and develop the transferred technology, in addition to diversifying sources of income and encouraging innovation and development.


18,000 personnel mobilized in Makkah, Madinah as itikaf begins

Updated 09 March 2026
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18,000 personnel mobilized in Makkah, Madinah as itikaf begins

  • Worshipers who completed registration and obtained permits have started performing the ritual of itikaf at the Prophet’s Mosque
  • General Authority for the Care of the Affairs of the Grand Mosque and the Prophet’s Mosque has provided a range of services

JEDDAH: More than 18,000 personnel and nearly 6,000 vehicles and pieces of equipment have been deployed across Makkah and Madinah as authorities intensify preparations for the final 10 days of Ramadan, while worshipers began observing itikaf at the Prophet’s Mosque.

Worshipers who completed registration and obtained permits have started performing the ritual of itikaf at the Prophet’s Mosque, according to the Saudi Press Agency.

The General Authority for the Care of the Affairs of the Grand Mosque and the Prophet’s Mosque has provided a range of services, including guidance, organization, healthcare, translation, hospitality and essential supplies to ensure a comfortable and spiritually enriching experience.

Field teams have also been deployed to manage entry and exit points, and oversee service delivery so worshippers can dedicate themselves fully to prayer and reflection.

Meanwhile, the Madinah Municipality has intensified efforts to provide services to visitors at the Prophet’s Mosque and other major mosques across the city.

More than 5,700 personnel, 1,230 operational vehicles and pieces of equipment have been mobilized to support municipal services during the busy period.

The operational plan focuses on improving facility cleaning and environmental sanitation, strengthening infrastructure services, and intensifying inspections of commercial and food establishments to ensure compliance with health standards and product safety.

Electronic platforms have also been activated to enhance monitoring and speed up responses to municipal service reports.

Authorities are also conducting field campaigns to combat commercial fraud and regulate street vendors as visitor numbers rise in the city.

Through these plans, the Ministry of Municipalities and Housing has raised municipal readiness to provide services for Umrah performers and visitors, and enable them to perform their rituals in a safe and organized environment.

In Makkah, the municipality has deployed more than 13,000 personnel working round the clock to support cleaning and operational activities in the central area, and around the Grand Mosque.

Five parking areas with a capacity of more than 42,000 vehicles have also been prepared to ease access to the Grand Mosque and reduce congestion.