The Saudi Arabian Monetary Authority (SAMA) directed banks and financing companies to accept electronic real estate deeds from real estate owners, and not to demand the original for the cases included in the service of selling the property and transferring its ownership electronically, while verifying them through the "Wathiq" platform or the Ministry of Justice portal "Najis".
SAMA stated in a circular addressed to banks and finance companies operating in the Kingdom; The above directive was an indication that the Ministry of Justice launched the service of selling the property and transferring its ownership electronically without the need to review notaries. This was In accordance with the controls referred to in the terms and conditions of the service, as well as the electronic real estate deed service; With the aim of dispensing with printing the checks on paper, and only preserving their information.