Legal expert: New enforcement law streamlines procedures, protects creditor and debtor rights

Legal consultant Dr. Raed Al-Suqaih praised the executive regulations of the enforcement law, outlining its main features and their impact on beneficiaries.

Speaking in an interview broadcast on Saudi TV, he said the Kingdom is witnessing a significant transformation in expediting enforcement procedures, while safeguarding the rights of both creditors and debtors. The new enforcement law focuses on assets and the management of funds, rather than the individual, emphasizing the tracing and handling of the debtor’s assets.

Al-Suqaih explained that when a judgment, promissory note, or enforceable instrument is issued, the case is referred to the enforcement court. The person subject to enforcement must disclose their assets within five days. The law targets all existing and recorded assets, including those outside the Kingdom or debts owed by third parties.

He added that the law covers all assets belonging to an individual, even those not directly in their possession. For example, if someone has foreign assets or other holdings, they are required to declare them within this period.

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