This service is provided by the center to real estate developers to enable them to open a guarantee account for an off-plan sale project in accordance with the requirements of the Off-Plan Sale or Lease Committee.
Opening a Al Rajhi Bank Guarantee Account
Most Frequently Questions
The center reviews the application, verifies that all requirements are complete, submits it to the relevant authority, and regularly follows up on the application status, escalating when necessary.
The developer must be officially registered with the Real Estate General Authority and accredited by the Etmam Center.
A valid off-plan sale license (Wafi) for the project for which the account is to be opened.
A valid commercial registration (CR).
A power of attorney to open the account if the applicant represents the company.
A valid national ID or residence permit for the owner of the company or the authorized signatory.
The developer applies for the service through the Etmam platform and fills in all the required service details.
The center's team reviews the application and ensures all required documents and information are complete.
The real estate developer is notified to complete the application or provide any missing documents if applicable.
The bank communicates directly with the real estate developer.
Al Rajhi Bank.
Real Estate Developers
Etmam Platform
7 Working Days.
