Regulatory Alerts2026-05-17
Emphasis on the Obligations of Finance Entities to Verify Cases of Economic Total Loss of Motor Vehicles Financially Leased to Individuals
The Saudi regulatory authority has issued a directive emphasizing the verification obligations of finance entities regarding motor vehicles financially leased to individuals. Entities must confirm cases of economic total loss to ensure accurate financial reporting and risk management. This requirement applies exclusively to page one of the regulatory listing and governs all relevant financial leasing transactions.
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