Following Central Bank Circular No. 361000082486 dated 10/6/1436AH regarding the guidelines for implementing the electronic linking project with the Ministry of Commerce and Investment, and Circular No. 361000021850 dated 11/2/1436AH regarding the adoption of the electronic commercial registration certificate as an official document. Referring to the requirement for copies of the commercial registration and the founding contract for resident establishments operating in the Kingdom as stated in the fourth update of the rules for opening bank accounts and the general rules for their operation in banks operating in the Kingdom.

The Central Bank emphasizes that all banks must comply with the directives mentioned in the above circulars and implement the following:

• Service for documenting capital deposit certificates.
• Service for electronically documenting commercial registration information for all establishments via direct linking with the Ministry of Commerce and Investment system (Wathiq Service).
• Acceptance of the electronic commercial registration and electronic founding contract as legal documents in all procedures and transactions requiring the acquisition of the commercial registration document and founding contract, and verifying their data electronically, while retaining printed copies in the client's file.

For your information and to act accordingly from this date.