Based on the powers granted to SAMA under the Finance Lease Law issued by Royal Decree No. (M/48) dated 13/08/1433H and its Implementing Regulations issued by the Governor’s Decision No. (1/BSI) dated 14/04/1434H, and referring to the controls and procedures for requesting and issuing execution document extracts for registered finance lease contracts issued by SAMA’s circular No. (42039135) dated 12/06/1442H, and in order to ensure the integrity and reliability of executive document extracts issued by finance lease contract registration companies.

SAMA wishes to emphasize the lessors' obligation to provide data proving the occurrence of one of the cases outlined in the Regulations and Procedures for Requesting and Issuing Extracts of the Executive Document for Registered Finance Lease Contracts when submitting a request to a contract registration company for the issuance of extracts from the executive bond. The lessor is responsible for the accuracy of the data provided to finance lease contract registration companies and any implications for the lessee's rights. This responsibility is without prejudice to the obligations of contract registration companies to verify the legitimacy of the lessor’s request for the issuance of extracts from the executive bond. and to obtain the necessary declarations from the lessor affirming their compliance with the relevant controls, regulations, and instructions before issuing these extracts.