Article 30 of the Saudi Finance Companies Control Law

المادة 30 من نظام مراقبة شركات التمويل

The article allows any interested person to challenge the Authority's decisions before the competent court within 60 days of learning of the decision.

Official text (Arabic)

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

يجوز لكل ذي مصلحة التظلم من قرارات المؤسسة أمام المحكمة المختصة خلال (ستين) يومًا من تاريخ العلم بالقرار.

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

This article guarantees the right to object to the Authority's decisions and sets out its elements:

Who may challenge: any interested person. The right is not limited to the finance company itself but extends to anyone with an interest in the decision.
What may be challenged: the Authority's decisions.
Where: before the competent court.
Time limit: within 60 days of the date of learning of the decision, not the date it was issued.

The time limit matters: anyone who wants to challenge a decision must count the sixty days from the day they learned of it. The article does not say what follows if the period is missed.

It is preceded by Article 29, which sets out the measures the Authority takes by written decision against a violating company, such as a warning, a ban on distributing profits and suspension of board members; these are decisions that can be challenged. It is followed by Article 31, which makes the competent court the body that decides disputes arising from the application of the Law and its regulations.

Because the period is fixed, a person against whom a decision has been issued is advised to act promptly and consult a lawyer specialized in banking and finance.

Practical example

The Authority issued a written decision suspending a board member of a finance company in Jeddah, and the member learned of the decision on the day he was notified. If he wants to challenge it, he must file his challenge before the competent court within 60 days of that day.

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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