The Council of Ministers held its session on Tuesday via videoconference under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, the Prime Minister, may God protect him.

During the session, the Council approved the amendment of subparagraph (a) of paragraph (5) of item (I) of the mechanism of the Real Estate Contributions Committee (liquidation), to be as stated in the decision.

According to the committee's working mechanism, the fifth paragraph includes the following: "The Committee shall take all legal and statutory measures, including those that contribute to preserving the rights of shareholders and restoring them in the most appropriate ways, whether by selling the contribution directly according to its current value, or by selling it through public auction, or waiting for the approval of the contribution plan, or continuing to carry out development work according to the case of each contribution, according to what the Committee deems in the interest of the shareholders, and whoever has a decision issued by the Committee may object to it before the competent court in the Board of Grievances within a period not exceeding "sixty" days from the date of informing him of the decision, or the date it is published in two local newspapers, if the Committee completes the sale after that, the documents of the shareholders shall be transferred.

To learn more about the committee's working mechanism, you can click here