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Article Three

No: 41061554 Date(g): 20/6/2020 | Date(h): 29/10/1441

Effective from 2020-06-20 - Jun 19 2020
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  1. The lessor must register the contract and any amendments to it within 10 business days from the date of concluding the contract or making amendments, through the electronic portal of the registry or its replacement.
  2. All transactions affecting the rights and legal status of the parties, as communicated by the contracting parties or the relevant authorities, shall be recorded in the registry.
  3. The company is obligated to maintain all contract records necessary for registering transactions and classifying them according to the latest technologies and best practices. The Central Bank has the authority to establish regulations and instructions related to this.