Month: February 2020

Reading time: 3 MinutesThe Supreme Real Estate Authority has approved the certification of the first real estate office in the Kingdom to implement the certification standards for real estate brokerage establishments, which contribute to increasing reliability, raising the rate of Saudization, diversifying services, and improving transactions. The Authority explained that the certification of the first model office serves as an incentive for other real estate establishments to obtain real estate certification, noting that the certification includes four criteria that must be met to obtain … Read more

Reading time: 2 MinutesThe Minister of Justice, Dr. Walid Al-Samaani, issued a circular setting forth a number of regulations governing the documentation of co-ownership in real estate deeds, with the aim of improving these procedures and ensuring the protection of the rights of all co-owners of the property. The regulations stipulate that all co-ownerships of all partners (property owners) must be documented in a single deed, and no single owner may hold a separate deed, provided that each owner is provided with a copy … Read more

Reading time: 2 MinutesMinister of Justice Sheikh Walid Al-Samaani emphasized that the decision to lift the suspension of services will not lead to leniency in the collection of debts, nor will it benefit debt traders or illegal financing schemes. Al-Samaani emphasized that delaying and evading debt repayment is a criminal offense punishable by imprisonment. During his television interview on Rotana TV, he revealed the launch of a pilot program for a unit specialized in reviewing cases before … Read more