Based on the powers vested to SAMA according to the related regulations, and stemming from SAMA's supervisory and regulatory role over the financial institutions under its oversight, and out of its commitment to apply the principles of fairness and transparency in financial transactions.

Accordingly, SAMA wishes to emphasize to financing entities that property appraisal fees should not be deducted from the client until the client has obtained preliminary approval for financing. Additionally, before initiating contract procedures, financing entities must inform the client that they are not entitled to request a refund of the property appraisal fees if the financing process is not completed due to a reason attributable to the client, and obtain an acknowledgment from the client to this effect.