Assisting developers in Saudi Arabia
If you are a Real Estate developer who wants to sell units off plan you must have an Escrow Account in accordance with the law. Our end-to-end services have been approved by the ministry and SAMA so that you can get on with your business.
The Escrow Account is suitable for:
- Real Estate Developers
- Insurance Companies
- Companies partaking in trigger based transactions
Managing the transfer of funds
Let us take some of the pressure off by managing your transactions through an Escrow Account. As a third party or agent, we will facilitate transfers which are contingent on an occurrence of certain events, allowing you to focus on your primary responsibilities.
More benefits related to an Escrow
Account
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Rental Proceeds Collection/LRD Deals
Your tenants can settle their rental payments via our escrow account, providing peace of mind to both parties that transactions will be carried out appropriately.
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Supplier Payments Related
Ensure that payments to Suppliers are only settled once you have received your goods.
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Mergers & Acquisition
Our Escrow account is perfect for settling the purchase of businesses, ensuring funds are transferred once contracts have been approved and signed by all parties.
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Joint Venture Initiatives
Ensure efficient and seamless transfers when conducting transactions with business partners. An Escrow Account will provide you and your business partners with a communal pool to deposit funds for particular transactions.
How To Apply
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Am I Eligible ?
Eligibility & Criteria
- Self employed, small businesses, establishments, Limited liability companies (LLC) and private companies
Required Documents
- Permission from the Ministry of Housing and Industry to open the Escrow Account
- Agreement with Bank for Escrow Account use
FOR ENQUIRIES CALL:
8001248888