SBG 1760/2015
Type
Case
Court
Saudi Arabia Board of Grievances
Jurisdiction
Saudi Arabia
Taxonomy
General Company Law & Business Entities
Decision date
2 May 2015
Catchwords
Company - Foreign Investment - License
This case involved the dismissal of a company's foreign investment license. A key issue was this license had only been given for a set period.
Background
A company filed a case against the general authority of investment before the court. It requested the court to dismiss the decision by which its licence was dismissed.
Decision
The court considered the documents of the case. The court said that the documents revealed that the company had received a licence for foreign investment and that the authority dismissed the licence at the time. The court said that the licence was not a permanent one and had a limited time limit. The court said that the company had exhausted the period of the licence.
The court dismissed the case.
The court of appeal upheld the ruling.