Approval of the Property Document Issued by the Economic Cities Authority
| No: 718440000099 | Date(g): 4/8/2019 | Date(h): 3/12/1440 | Status: In-Force |
Translated Document
Further to SAMA Circular No. 53148/M A/25450 dated 6/12/1433 H addressed to banks operating in the Kingdom and SAMA Circular No. 361000110001 dated 13/8/1436 H addressed to real estate finance companies operating in the Kingdom, which stipulates" Approval of the Property Document Issued by the Economic Cities Authority".
Accordingly, SAMA wishes to emphasize to banks and real estate finance companies operating in the Kingdom that The Property Document Issued by the Economic Cities Authority for any property or land owner within the economic cities should be approved, as an official ownership document, equivalent to the title deed approved outside the economic cities.