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How to Instruct Us
We simply require the following details:
Full name & address of the debtor
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
Amount owed (Invoice(s) or Statement will help)
Or ask us to call you – just leave us your details:
Saudi Arabia Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter to introduce their involvement.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows:
The local International Debt collection Partners know:
The local cultures
The best methods of initiating debt recovery letters and processes
Are in the same time zones
Herewith details of our debt collection service Saudi Arabia:
Location of debt recovery office in Saudi Arabia?
Number of debt collection staff?
15 ( 10 lawyers, 5 other). Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response & result from debtors.
How long have you been operating a debt recovery service in Saudi Arabia?
We have been operating a Middle East debt collection service on a no win no fee basis in Saudi Arabia since 1979. Saudi Arabia is included on our debt collection agency list.
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates.
Statue of Limitation in Saudi Arabia?
PN’s 3 years , bank checks 1 year, labour dispute 1 year, disputes involving banks as plaintiff 5 years (there are different Statute of limitation depending on case type).
Saudi Arabia civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Saudi Arabia is 1-3 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances. Other Statute of Limitations include:
Saudi Arabia Open Account Years – None
Saudi Arabia Promissory Notes – 1 year minimum
Saudi Arabia Written Contracts – None
Saudi Arabia Oral Agreements – None
How EU (European Union) laws effect debt collection in Saudi Arabia?
No effect in Saudi Arabia.
Saudi Arabia is in discussions over a free trade agreement (FTA) with European Union as part of the Cooperation Council for the Arab States of the Gulf States (aka Gulf Cooperation Council). Negotiations started in 1990 but were suspended since 2008. The other Gulf Cooperation Council member states are Bahrain, Kuwait, Oman, Qatar and UAE.
How many companies registries in Saudi Arabia for businesses (i.e. UK has just 1 central registry)?
There is 1 company registry in Saudi Arabia which is called Ministry of Commerce and Industry in Saudi Arabia located at Riyadh, 11162, Saudi Arabia.
We have access to Saudi Arabia Company Registry searches to find out who further background information on all Saudi Arabia companies.
What is the debt collection process in Saudi Arabia?
Debt collection law in Saudi Arabia is primarily governed by the Commercial Court Law and the Commercial Papers Regulation.
Average length of time to collect a debt?
The average time taken to recover a Saudi Arabia B2B debt collection case varies from case to case but typically takes up to 6 months in Saudi Arabia.
Can late payment fees / interest to be added to claims?
Unfortunately late payment interest is not enforceable for Saudi Arabia debt collection cases.
Saudi Arabia Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Saudi Arabia Credit Reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed.
Creditreform’s debt collection company service also uses expert local Saudi Arabia tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Saudi Arabia debt collection services which differ from the UK debt collection agency services and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
Saudi Arabia Debt Collection Partners in the following Saudi Arabia Cities
What is the legal system in Saudi Arabia?
The Saudi Arabia legal system is based on Islamic law.
What is the name of the Government Gazette in Saudi Arabia?
The Gazette in Saudi Arabia is called the Um Al-Qura (أُم القُرى).
Which countries border Saudi Arabia?
Who are the main trading partners for Saudi Arabia?
What is the Supreme Court in Saudi Arabia?
Supreme Council of Magistracy of Saudi Arabia (المجلس الأعلى للقضاء) is a 7-11 member council appointed by the King in the legal system of the Kingdom of Saudi Arabia.
Saudi Arabia Debt Collection Agency FAQs
1. How does a Debt collection agency in Saudi Arabia recover overdue debts?
The debt collection process is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Saudi Arabia as the debtor now has to resolve the debt and can no longer hide or provide lame excuses.
2. How long does the debt recovery agency in Saudi Arabia take to process a case?
The debt collection case will be processed immediately up receipt and a letter sent normally by email and post. You will receive an automated confirmation by return.
3. What is the success rate for debt collection agencies in Saudi Arabia?
The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable.
4. Does the debt recovery agency in Saudi Arabia operate a No Win No Fee debt collection?
We take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered.
5. Why use a local debt recovery agency in Saudi Arabia?
The reasons for using a local Saudi Arabia debt collection agency than processing from a different country is the debt collector in Saudi Arabia speaks the local language, knows the local laws and operates in the same time zones.
6. Are there any debts too old or too small for Saudi Arabia debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Saudi Arabia debt collector.
7. How do I instruct the debt collectors in Saudi Arabia?
Instructing the debt collectors Saudi Arabia is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated.
8. What evidence do I need to provide when instructing the Saudi Arabia debt collector?
When instructing the debt collector in Saudi Arabia just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process.
9. Who does the debtor pay?
In general the debt collector in Saudi Arabia will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away.
10. Can I instruct multiple cases?
You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements.
11. Can you trace debtors in Saudi Arabia?
Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor.
12. How long does the debt collection process take?
On average the debt collections process takes 90 days to resolve an amicable debt recovery case. There are a number of factors that can delay this process but we will keep you informed every step of the way.
13. What are my options if debt collection in Saudi Arabia is not successful?
If the debt recovery service is not successful we will advise you of your options including legal actions. Please note no legal actions or other processes will be taken without prior instruction from you.