Saudi courts finalize financial cases worth 62 billion riyals in 3 months

Ministry of Justice

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Saudi courts have succeeded in reducing the backlog of bond cases, as their preliminary indicators in the Ministry of Justice exceeded 62 billion riyals during the past 90 days, as the Riyadh region ranked first in the volume of bonds and the Eastern Province fourth for more than 15 thousand executive bonds worth more than 7 billion riyals: 13.0pt; font-family: "Arial","sans-serif"; color: #44444444;">.

The ministry's data showed that 18 percent of the total bonds of more than 102 thousand enforcement bonds were issued by judicial rulings in financial cases from courts in all regions of the Kingdom, and the remaining percentage is in various cases pending before the judicial authorities for decision: 13.0pt; font-family: "Arial",'sans-serif'; color: #44444444;'>.

Dr. Ibrahim Zamzami, a consultant and lawyer in economic cases, explained that the increase in the total value of the volume of executive bonds in the courts is a momentary increase and based on criteria and cases in the courts, and was completed so that there are no accumulated financial cases that constitute an economic burden, indicating at the same time that 3 years ago the executive bonds for the year 1435 exceeded 81 thousand executive bonds with a total value of 32 billion riyals and an increase during the first quarter of this year is due to economic factors: 13.0pt; font-family: 'Arial","sans-serif"; color: #44444444;">.

Zamzami explained that this rise has two sides, one positive and lies in documenting rights and financial, and the other negative, and that there is a great leniency in signing checks, bills of exchange and bonds by individuals, groups and companies without fulfilling their financial obligations, which exposed them to accountability in the judicial authorities.