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A legal adviser said the volume of business cover-up from foreign expatriates in the Kingdom, according to the latest statistics from two years ago, exceeds 500 billion riyals, which is a waste for the country’s economy.
Legal adviser Muhammad Al-Wahaibi explained during his meeting with the “Al-Rased” program on the “Al-Akhbariya” channel, that the new anti-commercial cover-up system, which is supposed to be activated today (Monday), includes sentences of up to 5 years imprisonment and a fine of 5 million riyals.
He added that many cover-ups and cover-ups use social media sites and advertisements in celebrity accounts in violation of the system, indicating that the anti-business cover-up system is an expatriate’s practice of any commercial activity for his or her. own account inside. the Kingdom without obtaining a license.
He noted that the system stipulates that business establishments may not make or advertise full or partial reductions in the prices of products offered for sale, except after obtaining a license, the license of which is specified in the advertisement. , at the same time calling on the Ministry of Commerce to intervene intensively to fight against commercial concealment.
Video | Legal advisor to # Monitor: Cut #Commercial_cover at #Saudi Over 500 billion riyal and many celebrity ads infringe pic.twitter.com/7FXGSvdcAE
– The Observer (@alraasd) February 21, 2021
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