Paragraph (1) of Article (3) under “Code of Licensing the Officeholders and Experts" issued by Bankruptcy Commission decree, No (0219/12) dated 11/09/1440 A.H. stipulated that in order to license an individual with a natural personality to exercise officeholder duties, the following is required:
A- Must be Saudi.
B- Must be fully competent.
C- Must be of good conduct and has no convictions for any offense against honor or breach of trust, unless he has been exonerated
D- Upon submission of the application, he must have a license to practice any of the following in Saudi Arabia:
- Any other related field, as determined by the Bankruptcy Commission
E- Must not be suspended from practicing any of the professions provided for under paragraph (1/H) of this article, whether upon the submission of the application or during the past year
F- Must have at least five years of field experience, as well as at least one year of experience after getting the license.
G- Must meet the professional qualification required by the Bankruptcy Commission.
H- Must pay licensing fees estimated by (2000) Saudi Riyals for (3) years.