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Article Eight

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

Translated Document

Effective from Dec 01 2021 - Nov 30 2021
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The financing company wishing to purchase the debt must use the Saudi Rapid Payments System ("Sari") to settle existing debts. The payment made through the "Sari" 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.