Month: October 2024

Reading time: 2 MinutesThe “Citizen Account” program is one of the most prominent government initiatives designed to help citizens cover their living expenses. However, to fully benefit from this support, beneficiaries must provide accurate information, including details about their housing situation. Disclosing the lease agreement is one of the important steps that must be followed to ensure eligibility and continued receipt of support. In this report, … Read more

Reading time: < 1 MinuteIn the world of rentals, landlords may face certain challenges when tenants refuse to pay rent or vacate the unit after the lease expires. In this context, the ”Ejar” platform offers a solution to help property owners recover their rights in accordance with established legal procedures. These steps facilitate the process of documenting contracts and recovering financial rights, and explain how to terminate contracts if the parties so desire … Read more

Reading time: < 1 MinuteThe Ministry of Municipalities and Housing announced the opening of registration for the permanent list of companies eligible to participate in tenders for the privatization of regulatory services managed by municipal authorities and municipalities throughout the Kingdom, with the aim of strengthening the partnership between the public and private sectors to help improve the efficiency and effectiveness of regulatory services in the Kingdom. It clarified that the regulatory functions targeted for privatization include six different types of oversight, … Read more

Reading time: < 1 MinuteThe Saudi Central Bank (SAMA) announced the issuance of “Compliance Principles” and “Internal Audit Principles” for finance companies and mortgage refinancing companies, in line with its supervisory and regulatory role over the finance sector and its ongoing efforts to develop the sector. These principles were introduced to establish a comprehensive regulatory framework that helps define the functions of key units within finance companies and mortgage refinancing companies, and clarifies the roles of the board of directors and management … Read more