Registration of Lands Subject to the White Land Fees System Within the Specified Period

In the name of Allah, the Most Gracious, the Most Merciful

Saudi Central Bank Headquarters

General Directorate for Supervision of Finance Companies

Reference No.: Date: 1438/08/26 Attachments:

Ref No.: 381000089830

Circular

Dear Sir,

Greetings,

Subject: Registration of Lands Subject to the White Land Fees System Within the Specified Period.

Pursuant to the powers granted to the Authority under the Saudi Central Bank System issued by Royal Decree No. (23) dated 23/5/1377 AH, the Banking Control System issued by Royal Decree No. (M/5) dated 22/2/1386 AH, and the Finance Companies Control System issued by Royal Decree No. (M/51) dated 13/8/1433 AH. With reference to the White Land Fees System issued by Royal Decree No. (M/4) dated 12/2/1437 AH, and its Executive Regulations issued by the esteemed Council of Ministers Resolution No. (379) dated 8/9/1437 AH.

The Authority emphasizes that banks, commercial banks, and finance companies must register lands subject to the fees within the specified period to avoid imposing financial penalties on the actual owners.

Yours sincerely,

Ahmed bin Abdullah Al Sheikh Deputy Governor for Supervision

Distribution Scope:

• Banks and commercial banks operating in the Kingdom.
• Finance companies operating in the Kingdom.
• Supervision Department administrations.

P.O. Box: 2992, Riyadh: 11169, Phone: +966 11 4662020, Fax: +966 11 4662488