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Article Eight

No: 43033200 Date(g): 18/11/2021 | Date(h): 13/4/1443 Status: In-Force

Translated Document

The financing company wishing to purchase the debt must use the Saudi Rapid Payments System ("Sarie") to settle existing debts. The payment made through the "Sarie" system must include, at a minimum, the following information:

-Customer’s name.
-National ID/Residence number.
-Debt amount.
-Purpose of the transfer.
-Debt reference number.