Based on the powers vested to SAMA under the relevant regulations, laws, and instructions, and in light of SAMA's role in protecting the rights of clients of financial institutions under its supervision, and with a view to ensuring the safety of the real estate financing sector and achieving financial stability, real estate financiers must adhere to the following when granting financing under the 'Self-Building' product for real estate financing:

1. Determine the total value of construction payments "financing amount" at the start of the contract, and link the payments to specific completion percentages in a single financing contract.
2. Reflect the total financing amount in the client’s credit record at the start of the contract, specifying the actual amount granted to the client in the same record.
3. Ensure that administrative fees charged by the financing entity to the beneficiary do not exceed (1%) of the financing amount or SAR 5,000 (whichever is lower), in accordance with the instructions issued by SAMA, including those communicated under Circular No. 361000091211 dated 30/06/1436H.
4. Disburse the specified payment amount within (15) days from the date of the client's request, provided that the client has met the completion percentages required for each payment as per the contract.

Please take note and implement these provisions within a period not exceeding (30) days from the date of this notice. Additionally, real estate financiers must take all necessary steps to apply the provisions of this circular to existing financing contracts under the 'Self-Building' real estate financing product.