Posted by : Aahil Shaik Monday, January 21, 2019
LANDLORDS FILED LAWSUITS AFTER EXPATS SHUT THE SHOPS AND LEFT SAUDI ARABIA
Many commercial building owners in Madina filed lawsuits on Saudi nationals, who refused to pay the stores rent, as the expatriates running those shops already left Saudi Arabia. Related : Several shops closed down before Saudization inspections
The expats who were running those shops under "tasattur", for which locals rented the shops from the landlords in return of nearly 10% profits. See Also : AlBaik opened its 3rd branch in Riyadh's Tuwaiq
- This kind of practice is illegal in Saudi Arabia and officials have intensified inspections across the Kingdom.
- As per the sources, around 50 lawsuits were filed against Saudi citizens in court who have not paid store rents.
- The lawsuits also seen payments for stocks that the expats took away without paying the amount to suppliers. Recommend : New salary policy for private companies announced Saudi Arabia
- The expats operating the stores reportedly abandoned the businesses after the Ministry of Commerce and Investment warned them for violation of rules and the penalties of such violation includes 1 Million riyals fine, 2 year jail and deportation.