Attached are the instructions from SAMA communicated via email on 22/03/2020G regarding the acceptance of electronic agencies, which are effective from the date of notification to you via email.

Referring to the instructions from SAMA communicated through Circular No. 67/18626 dated 24/03/1440H 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 8/3/1428H 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, SAMA confirms that all banks operating in the Kingdom must comply with the acceptance of electronic agencies and verify them through reliable means.