Saudi courts saw approximately 30,000 financial cases over the course of the last nine months, a 25-percent increase from the 22,700 cases dealt with the previous year, according to media reports.
According to Saudi Arabi’s Al-Eqtisadiah newspaper, the Riyadh commercial court saw 13,400 cases - 44.9 percent of the total - compared to 6,400 cases in Jeddah and 4,400 in Dammam.
Dammam was followed by Makkah, which saw 1,500 financial cases, followed by Madinah with 1,402 and Tabuk with 672.
Data compiled by Saudi Arabia’s Argaam news agency noted that Saudi Arabia’s first instance court saw 31,300 cases last year, of which 10,400 were seen in Riyadh commercial courts.
In the kingdom, commercial disputes are settled at three commercial courts in Riyadh, Jeddah and Dammam, as well as at other tribal chambers and appeal courts across the country.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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