Month: August 2023

Reading time: < 1 MinuteThe General Real Estate Authority identified a case of real estate fraud involving a female citizen that culminated in a request to transfer a rent payment to an unknown individual who claimed to be a real estate broker. According to the details, the fraudster used the credentials of a licensed broker, exploiting his access to the “Ejar” platform to sign a lease agreement for an apartment and send a message for notarization. After the case was confirmed and all the facts were clarified, the Authority suspended the account of the broker responsible… Read more

Reading time: < 1 MinuteThe General Secretariat of the Committees for the Review of Real Estate Ownership Applications (“Ehkam”) has called on applicants to respond promptly to notifications sent by the General Secretariat within 15 days of the date of dispatch, regarding the completion of missing information or comments related to their applications. “Ihkam” emphasized the importance of updating the contact information of applicants registered on the Ihkam digital platform and verifying its accuracy, which contributes to … Read more

Reading time: < 1 MinuteThe Ministry of Commerce has called on companies to prepare and file their financial statements electronically via the “Qawaim Platform” to avoid violating the provisions of the Companies Law. The Ministry clarified that simplified companies, simplified joint-stock companies, limited liability companies, joint liability companies, and simple partnerships «in accordance with their legal form» to prepare financial statements at the end of each fiscal year in accordance with the accounting standards adopted in the Kingdom, and to file them … Read more