Saudi Arabia’s new bankruptcy law will include supplemental rules or even new provisions by the Central Bank, Saudi Arabian Monetary Agency (SAMA) and the market regulator, Capital Market Authority (CMA), Al-Madina newspaper reported, citing a spokesman for the Ministry of Commerce and Industry (MOCI). The new law, which will have 400 articles, would give priority to reconciliation procedures and debt restructuring of financially troubled institutions to help them meet their obligations to their creditors. The MOCI is expected to present the new draft bankruptcy law to the competent authorities for approval within the next seven weeks. (Argaam)