Article
How Promissory Notes Are Regulated And Enforced In Saudi Arabia
A promissory note is a written promise by one party (the Maker) to pay a specified sum of money to another party (the Payee) either on a future date or upon demand. In the Saudi Arabian jurisdiction, promissory notes are defined as commercial papers and are subject to the Negotiable Instruments Law, which is, in turn, based on Sharia-compliant legal principles
Hamad in association with Youssry Saleh & Partners