This service aims to enable real estate developers to obtain bank financing for projects licensed by the General Real Estate Authority, in compliance with real estate financing regulations and the provisions of escrow accounts.
Real Estate Project Financing from Riyad Bank
Most Frequently Questions
The center reviews the application, ensures all requirements are complete, forwards it to the relevant authority, and conducts periodic follow-ups on the application status, escalating when necessary.
Valid commercial registration for the real estate developer, including real estate or development activities.
Valid and approved off-plan sales license (Wafi) for the project to be financed.
Identity documents of the owner or partners.
Land ownership contract or usufruct deed.
Approved project plans.
Construction and timeline plan for the project.
Dedicated escrow account for the project.
The developer applies for the service through the Etmam platform and completes all service requirements.
The center’s team reviews the application to ensure 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.
Riyad Bank.
Real estate developers
Etmam Platform.
7 Working Days
