Company Liquidation

Due to the expansion of commercial activities in the Kingdom of Saudi Arabia, the country’s accession to the World Trade Organization, and the state’s efforts to create a growing investment climate, as well as the obstacles that sometimes lead to the liquidation of commercial enterprises operated through various types of companies, our office, keen on providing distinguished legal services to all its clients, undertakes company liquidation procedures. This includes both voluntary liquidation by the partners’ will and compulsory liquidation in cases of bankruptcy. The process involves identifying all company assets and debts owed to or by third parties, preparing a list of the company’s creditors, and executing the final liquidation of all company operations, ultimately ensuring that creditors receive their due rights and terminating the company’s legal and regulatory existence.