Article (3) under “Code of
Licensing the Officeholders and Experts" issued by Bankruptcy Commission the decree, No (0219/12) dated 11/09/1440 A.H. stipulated that in order to license
an individual with a natural personality to practice expert's work, 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- Must pay licensing fees
estimated by (1000) Saudi Riyals for (3) years.
E- Upon submission of the
application, he must have a valid license in Saudi Arabia to practice his
F- Must not be suspended
from practicing his profession, whether upon submitting the license application
or during the past year thereof.
G- Must meet the professional
qualification required by the Bankruptcy Commission, click here to view professional
H- Must have at least five
years of field experience, as well as one year of experience after getting the
license. The approved fields are: