The Approval of the Property Document Issued by the Economic Cities Authority
| No: 71844/99 | Date(g): 4/8/2019 | Date(h): 3/12/1440 | Status: In-Force |
Translated Document
Effective from 2019-08-04 - Aug 03 2019
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Further to Circular by SAMA No. 53148/M and 25450/A dated 6/12/1433 H addressed to banks operating in the Kingdom and Circular of SAMA No. 361000110001 dated 13/8/1436 H addressed to real estate financing companies operating in the Kingdom, the two articles stipulate "The Approval of the Property Document Issued by the Economic Cities Authority".
Accordingly, SAMA wishes to emphasize to banks and real estate financing 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.