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Article Seven

No: 1/م ش ت

Effective from Feb 24 2013 - Apr 18 2013
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1.
 
In case of issuance of securities, against the Lessor’s rights, in accordance with regulations and rules issued by the Capital Market Authority, the Lessor remains obliged to forthwith disclose to SAMA any technical, commercial, legal, or other risks in relation to the Contract, the underlying leased asset, or the Securitization against the Lessor’s rights as a whole.
 
2.
 
The Lessor remains obliged to ensure compliance with all related supervisory requirements.