<\/p>\n\n\n\n
The Ministry of Justice has digitized more than 63 million real estate documents as part of a digitization initiative Real Estate Wealth<\/a> \u2013 One of the Ministry of Justice\u2019s initiatives under the National Transformation Program, carried out through the Central Digitization Labs.<\/p>\n\n\n\n Steps for Digitizing Documents<\/span><\/strong><\/p>\n\n\n\n The ministry explained that the digitization process involves a series of steps, beginning with the courts and notary offices, where documents are inventoried and collected, and data is entered and verified, followed by the preparation of the documents for transfer to central digitization centers, where they undergo sterilization, restoration, scanning, archiving, and quality control. Marriage contracts are also authenticated in real time.<\/p>\n\n\n\n In 2021, the Ministry of Justice issued more than four million powers of attorney electronically through the \u201cNajiz\u201d portal, in a few simple steps and in a short amount of time.<\/p>\n\n\n\n The Notarization Sector at the Ministry of Justice was distinguished in 2021 by a range of services resulting from legislative developments that began early last year with the entry into force of the Notarization Law and its implementing regulations, which govern notarization procedures in a manner that renders them enforceable, whereby instruments and contracts notarized in accordance with the provisions of the law are considered enforceable instruments with respect to the obligations they contain, This has strengthened the Notarization and Real Estate Security System, reinforced the principle of the reliability of instruments, safeguarded rights through the notarization of contracts, and involved the private sector in notarization processes.<\/p>\n\n\n\n The notarial system involved transferring a number of jurisdictions from the courts to notary offices, which has helped improve the user experience and increase satisfaction with notarial services by providing digital notarial services that encompass all administrative and IT functions supporting the notarial system, as well as delivering notarial services electronically without requiring users to visit , in addition to stimulating economic growth by adding high-quality services, strengthening real estate security, and enhancing levels of partnership with the private sector.<\/p>\n\n\n\n The Ministry of Justice has made the electronic clearance service available through additional banks, bringing the total to 20 local and foreign banks licensed by the Saudi Central Bank. The list of banks includes Al-Bilad Bank, Riyad Bank, Saudi British Bank, Al-Jazira Bank, Saudi Investment Bank, Arab National Bank, Saudi French Bank, Al-Inmaa Bank, Al-Rajhi Bank, Al-Ahli Bank, and Samba (now \u201cSaudi Al-Ahli Bank\u201d), Kuwait National Bank, Muscat Bank, Bahrain Bank, Qatar Bank, First Abu Dhabi Bank, BNP Paribas, Gulf International Bank, J.P. Morgan, and TC Ziraat Bankasi, in cooperation with the Saudi Central Bank.<\/p>\n\n\n\n The Ministry confirmed that Dr. Walid bin Muhammad Al-Samaani, Minister of Justice, had directed that the requirement to issue the first power of attorney in person at a notary office be abolished and that the service be made available through the \u201cNajiz\u201d portal, which has contributed to an increase in the number of people benefiting from the service. The Ministry explained that making the service available electronically is part of its efforts to fully digitize notarial services without requiring beneficiaries to visit notary offices, with the aim of simplifying procedures for them, and to improve work efficiency and performance.<\/p>\n\n\n\n The Ministry of Justice has launched four online mortgage services that allow users to register and release mortgages without having to visit a notary public, in addition to a service for instantly checking the status of a mortgage online and a service that displays the user\u2019s mortgages in their account via the \u201cNajiz\u201d portal.\u201d.<\/p>\n\n\n\n In 2021, the Ministry launched a suite of e-services related to mortgages in collaboration with government funds, including the Saudi Industrial Development Fund, to support and implement the Ministry\u2019s National Transformation Program and to contribute to achieving integration between the Ministry and supporting entities in order to realize the Kingdom\u2019s Vision 2030. Beneficiaries can access these services through the \u201cNajiz\u201d e-portal.<\/p>\n\n\n\n Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Ministry of Justice has digitized more than 63 million real estate documents as part of the Real Estate Asset Digitization Initiative\u2014one of the Ministry\u2019s initiatives under the National Transformation Program\u2014through its central digitization labs. Steps in the digitization of documents: The Ministry explained that the digitization process involves a series of steps, beginning with the courts and notary offices, where the documents are inventoried and compiled\u2026 Read 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into Force of the Documentation System and Its Implementing Regulations<\/span><\/strong><\/h4>\n\n\n\n
Transfer of Certain Jurisdictions from the Courts to Notaries Public<\/span><\/strong><\/h4>\n\n\n\n
20 licensed local and foreign banks<\/span><\/strong><\/p>\n\n\n\nElimination of the requirement to issue the first power of attorney in person at a notary public\u2019s office<\/span><\/h4>\n\n\n\n
Four Online Mortgage Services<\/span><\/strong><\/h4>\n\n\n\n
<\/a><\/p>","protected":false},"excerpt":{"rendered":"