The real estate developer classification certificate consists of two components: the first is a financial assessment, which is the results of the study of financial standards in the form of a credit rating as a final result in the form of English letter grades, and the second component is a technical assessment, which is the results of the study of governance and business risks, and the final result is in the form of grades out of 100.

Developers are divided into development capacity size categories to enhance transparency of the classification. Each developer is classified into the appropriate category (large, medium, small, micro).

1. Real estate development of residential buildings using modern construction methods - Activity code 681041 2. Real estate development of commercial buildings using modern construction methods - Activity code 681042

Requirements to be provided by establishments for classification and certification: Basic information about companies, information about management and its organizational structure, information about marketing and products, information about governance and its documents, governance of the board of directors, completed and future projects for business expectations, financial statements, financial governance documents.

Given the real estate sector's need for more regulations and legislation that help raise the level of transparency in the sector, it has become necessary to find solutions that help all parties involved in the real estate sector improve the sector's performance in all aspects. We can measure the efficiency of real estate development companies and their commitment to technical standards in addition to financial capacity on the national scale of the Kingdom of Saudi Arabia. These standards will be reflected in the report issued by the competent authority, which in turn will develop a mechanism that helps classify real estate developers on several main factors.

It is a service to evaluate the current status of real estate developers in order to raise the maturity of the real estate development sector according to the approved standards by issuing a classification certificate consisting of a technical evaluation and a financial evaluation of the real estate development facility.