Based on the powers granted to the Central Bank under relevant laws, regulations, and instructions, and the powers granted to the Central Bank under the Banking Control Law issued by Royal Decree No. (M/5) dated 22/2/1386H, the Finance Companies Control Law issued by Royal Decree No. (M/51) dated 13/8/1433H, and the Leasing Law issued by Royal Decree No. (M/48) dated 13/8/1433H, which states in the first paragraph of Article Eighteen: "Subject to the provisions of the Companies Law, one or more joint-stock companies shall be established under a license from the Central Bank, with the purpose of registering contracts," and based on the second paragraph of Article Fifteen of the executive regulations of the Leasing Law issued by the Governor's Decision No. 1/T.S.M dated 14/4/1434H, which states: "The lessor is required to register the contract and any amendments thereto in the contracts register within ten working days from the date of concluding or amending the contract. All transactions affecting the contractual rights of both the lessor and the lessee must be recorded in the register."

The Central Bank confirms that all banks, financial institutions, and licensed finance companies must start registering leasing contracts with the Saudi Company for Leasing Contract Registration (Sajil), starting from Monday, 28/10/1440H, corresponding to 1/7/2019.