Following up on the Central Bank's circular No. 371000061185 dated 28/5/1437H, which outlines the obligations of real estate appraisal clients under the supervision and regulation of the Central Bank.

We would like to inform you of the following amendments to the aforementioned circular:

The first paragraph of the circular is amended to read: "Banks, financial institutions, insurance companies, and real estate appraisal companies must deal with certified real estate appraisers who have obtained a license to practice appraisal."

A new paragraph is added as follows: "Banks, financial institutions, insurance companies, and real estate appraisal companies must provide the client with a copy of the real estate appraisal report for the property being appraised."