In Saudi Arabia, a company can be liquidated either voluntarily by the shareholders or involuntarily by a court order. In the voluntary liquidation process, the shareholders must pass a resolution to dissolve the company and wind up its affairs. The shareholders will then appoint a liquidator who will take over the company's assets and liabilities and manage the liquidation process. The liquidator will then undertake a thorough examination of the company's assets and liabilities and determine the best way to liquidate them.