Accepting Electronic Authentication of Company Incorporation Contracts for Limited Liability

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: 26/07/1439 AH
Attachments: ........................................

Reference No.: 391000083185
Date: 26/07/1439 AH
Attachments: ........................................

Circular

Dear Sirs,
Peace, mercy, and blessings of God be upon you, Subject: Acceptance of Electronically Authenticated Company Incorporation Contracts (Limited Liability).

With reference to the Ministry of Commerce and Investment correspondence No. 30417 dated 05/06/1439 AH regarding certain amendments to the authentication of incorporation contracts, allowing such contracts to be authenticated electronically for Limited Liability Companies with Saudi partners (adults/non-minors) or a single Saudi national or resident registered with an Iqama number.

The Bank instructs finance companies to accept electronically authenticated incorporation contracts for Limited Liability Companies that do not contain Notary Public stamps and bear only the Ministry of Commerce and Investment stamp, provided that the incorporation contract data is verified using the currently operational service utilized by banks and financial institutions operating in the Kingdom, or by visiting the "Aamaly" portal via this link www.mci.gov.sa/aamaly (an incorporation contract template is attached for reference).

For your information and immediate implementation effective from the date of issuance. Yours sincerely,

Ahmed bin Abdullah Al-Sheikh
Deputy Governor for Supervision

Distribution Scope:

• Finance companies operating in the Kingdom.

P.O. Box 2992, Riyadh 11169, Phone: +966 966202046, Fax: +966 966248846