Attached are the instructions from the Central Bank communicated via email on 22/3/2020 regarding the acceptance of electronic agencies, which are effective from the date of notification to you via email.

Referring to the instructions from the Central Bank communicated through Circular No. 67/18626 dated 24/3/1440 AH regarding the Electronic Agency Service provided by the Ministry of Justice, which allows beneficiaries to issue agencies electronically without the need to visit notary offices or notaries, and that the issuance of paper deeds for agencies has been canceled, with their information stored electronically and made available for verification through the ministry's website. Additionally, the (Wathiq) service allows for the electronic verification of agencies in accordance with the Electronic Transactions System issued by Royal Decree No. (M/18) dated 8/3/1428 AH and its executive regulation.

Given the observed requests from some banks for paper agencies from their clients, which does not align with the aforementioned instructions, the Central Bank confirms that all banks operating in the Kingdom must comply with the acceptance of electronic agencies and verify them through reliable means.

For your information and to act accordingly.