Reference is made to the letter received from His Excellency the Minister of Municipal and Rural Affairs and Housing, Chairman of the Board of Directors of the General Authority for Real Estate, under number (244382) dated 19/09/1444H, which references the Land Registration System issued by the Royal Decree No. (M/91) dated 19/09/1443H. The letter cites Article 7, Paragraph (1) of the system, which states: "The real estate area shall be determined by a decision issued by the competent authority, including a precise and clear delineation of the area and the specified period for receiving initial land registration requests, and it shall be announced by any appropriate means determined by the decision." It also refers to Article 9, Paragraph (3) of the executive regulations of the same system, which states: "The decision determining the real estate area shall be communicated to all relevant entities concerning the initial land registration immediately upon issuance."

Since His Excellency's letter includes the announcement that the area of (Al-Falah District) in Riyadh is the first area to benefit from the "Real Estate Registry" according to its updated mechanism, financing entities with rights related to the aforementioned announced area must accept the property registration deed issued by the General Authority for Real Estate as the official document of ownership for that area.

Please take note and act accordingly. Note that financing entities are responsible for following up on announcements issued by the General Authority for Real Estate in this regard.