Form (3) Procedure for Merging/Splitting Agricultural Certificates
No: 161000000582 | Date(g): 12/3/1996 | Date(h): 22/10/1416 |
Translated Document
The procedure is as follows:
- The farmer submits the original certificate to the bank along with a copy of the ID and the original for verification.
- The certificate holder fills out the Farmer Data Form (Form No. 2-5) himself, and the bank must ensure that the farmer's data is correct and matches the certificate.
- After verifying the certificate data, the bank provides the farmer with a request to merge/split certificates of dues for farmers (Farmer Form 2-2) to fill it out and then verify the data contained therein based on the documents provided.
- The bank will validate the signature, after which the bank employee will issue a receipt to the farmer.
- At the end of the day, the bank employee fills in all the certificates to be merged or split in the total statement (Farmer Form 2-3), along with the originals of the filled-in certificates and forms, in addition to copies of the farmers' IDs, and then delivers it to the Saudi Share Registration Company, which in turn signs the form with the receipt and hands the bank representative a copy of the statement specifying the date of receipt of the new notices.
- On the date of receipt of the new notice, the bank employee will receive the original audit receipt from the farmer and verify the identity of the recipient, in case there are no notes on the certificate by the Saudi Share Registration Company.
- Upon completion of the previous steps, the new notice will be delivered to the farmer after his signature.
(Note that the Saudi Share Registration Company charges a sum of one hundred riyals (SAR 100) for each merger or split ownership).