المملكة: A proposal to cancel the condition of “guarantee 200 thousand” for vehicle exhibitions – urgent

The Public Security Directorate offered a proposal to amend the executive regulations For the traffic system , it aims to cancel the condition of providing a bank guarantee worth 200 thousand riyals, which was imposed on those wishing to open exhibitions, halls, or agencies to sell vehicle." target ="_Blank"> Business Environment ." target ="_Blank"> Public Security The main goal of deleting paragraph «4/1/21) of the regulation is to support investors and facilitate their entry into the market. Public. The suggested bank guarantee is now. Emphasizing the state’s continued guaranteeing its rights through the existing regulations to collect financial dues.

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