Based on the powers granted to the Saudi Central Bank under the Lease Financing System issued by Royal Decree No. (M/48) dated 13/08/1433H and its executive regulations issued by the Governor’s Decision No. (1/M Sh T) dated 14/04/1434H, and referring to the controls and procedures for requesting and issuing execution document extracts for registered lease financing contracts issued by the Central Bank’s circular No. (42039135) dated 12/06/1442H, and in order to ensure the integrity and reliability of execution document extracts issued by lease financing contract registration companies:

The Central Bank wishes to confirm the lessors' obligation to provide data proving the occurrence of one of the cases outlined in the controls and procedures for requesting and issuing execution document extracts for registered lease financing contracts when submitting a request to a contract registration company. The lessor is responsible for the accuracy of the data provided to lease financing 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 execution document extracts and to obtain the necessary declarations from the lessor affirming their compliance with the relevant controls, regulations, and instructions before issuing these extracts.