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Article 30 of the Saudi Enforcement Law

المادة 30 من نظام التنفيذ · الفصل السادس: بيع المال المحجوز

The article provides for sale of attached property by public auction, except voluntary sale and what the Implementing Regulations specify; the contract is formed by the award decision, which clears the property of any claim of title, and it governs the sale of securities.

Official text (Arabic)

This article has not been amended since the law was issued.

1- فيما عدا ما ورد في المادة (التاسعة والعشرين) من النظام وما تحدده اللائحة، تباع الأموال المحجوزة عن طريق المزاد العلني.

2- يكون وقت انعقاد العقد المنتج لآثاره في البيع بصدور قرار الترسية لمن رسا عليه البيع.

3- يكون قرار الترسية مطهرًا للمال المباع من أي استحقاق تجاه من رسا عليه البيع.

4- تباع الأوراق المالية الخاضعة لنظام السوق المالية وفق ضوابط يُتفق عليها مع الجهة المختصة بالإشراف على السوق المالية، بما يحقق عدالة السعر وضمانات التنفيذ.

5- تحدد اللائحة الأحكام اللازمة لما ورد في الفقرات (1) و(2) و(3) من هذه المادة.

This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers

Article 30 explained in plain English

Practical example

Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.

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Frequently asked questions about Article 30 of the Saudi Enforcement Law

How is attached property sold in enforcement?

By public auction, except the voluntary sale in Article 29 and what the Implementing Regulations specify.

When is the sale concluded in an enforcement auction?

The contract takes effect when the award decision is issued to the person to whom the sale is awarded.

Can anyone claim the auctioned property from the buyer?

The article provides that the award decision clears the property sold of any claim of title as against the person to whom the sale is awarded.

How are attached shares sold?

Securities subject to the Capital Market Law are sold under rules agreed with the authority competent to supervise the capital market, achieving fairness of price and guarantees of enforcement.

Articles this article refers to

More articles on Seizing Assets and Auctions

The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.