The Bankruptcy Committee 'Esaar' clarified that a business initiating bankruptcy proceedings and having them published in the bankruptcy register does not necessarily mean it has exited the market or ceased operations and been liquidated. These proceedings represent a regulatory framework that provides options for addressing financial situations according to the nature of each procedure, enabling viable businesses to restructure their affairs, resume activity, and contribute to supporting and developing the economy. It further stated that the total announcements published on its official website during June 2026 reached (60) announcements, of which (30) were for opening bankruptcy proceedings, while the remaining announcements comprised decisions, notices, and regulatory announcements issued at various stages of proceedings. It emphasized that the total announcements does not reflect the number of businesses that initiated bankruptcy proceedings, nor does it mean they have exited the market or ceased operations.

The committee affirmed that the bankruptcy system includes multiple procedures tailored to the differing circumstances of businesses, including: preventive settlement, financial restructuring, liquidation, and administrative liquidation. Each procedure has objectives and effects that vary according to the business's situation. Preventive settlement and financial restructuring procedures aim to enable viable businesses to address their financial situations and continue operations, while liquidation procedures regulate the closure of businesses that cannot continue, within a regulatory framework that ensures protection of rights, maximizes the economic value of assets, and reduces the costs and duration of procedures. It is noteworthy that in the second quarter of this year, more than (71,000) commercial registrations were issued, while promising sectors under Saudi Vision 2030 recorded notable growth by the end of the second quarter of 2026 compared to the same period in 2025. Commercial registrations in artificial intelligence technologies activity rose by (33%) to reach (22,591) registrations, in e-commerce activity by (32%) to reach (48,497) registrations, in tour package organization activity by (33%) to reach (12,264) registrations, and in amusement and gaming cities activity by (18%) to reach (9,117) registrations, reflecting the continued growth of the business environment and the attractiveness of the economy.