Abdulaziz Alshabeebi obtained the necessary licenses from the Ministry of Commerce and Investment to carry out the bankruptcy work and he is among the secretaries of bankruptcy.
Guarantee of creditors’ rights
We perform our work in accordance with the requirements of the relevant regulations and laws with the objective to secure the rights of creditors.
Financial reorganization procedure
Financial reorganization procedures include our supervision of the debtor to ensure that he reach to an agreement with the creditors to reorganise his business financially.
Liquidation procedures and assets identification
Liquidation procedures and identification of assets in order to sell the assets at the best value as possible. In addition to determine the claims on the debtor and sort the creditors in accordance with the relevant regulations after considering the priority of the debts and netting off procedures.