Over 150,000 real estate deeds issued in 8 months

Updated 21 January 2017
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Over 150,000 real estate deeds issued in 8 months

RIYADH: The Ministry of Justice issued 156,342 real estate deeds for individuals and corporations in an eight-month period after the application of the “one-day handling” procedures.
Last year, Minister of Justice Walid Al-Samaani directed all courts and notaries to shorten buying and selling procedures, and documentation of real estate contracts and deeds for individuals and corporations.
The step reportedly comes in line with the ministry’s drive to speed up procedures in implementing the “one-day handling” principle which takes only 10 minutes to finish, the ministry said.
Riyadh region topped the Kingdom’s regions of having the highest number of cleared deeds at 46,196, followed by Makkah Region (27,716), and the Eastern Province (26,807), according to a report issued on works of notaries.
Based on the minister’s directives, five steps must be observed to clear and issue deeds for individuals: Presence of the real estate deed; presence of both buyer and seller with their IDs; valid power of attorney of the buyer and seller (not older than five years); if the power of attorney is issued outside the Kingdom, it should be duly certified; and the money paid for the deed is to be made through a certified check or deposited in the account of the beneficiary.
Regarding corporate deeds, another five steps must be followed: Presence of a copy of the company’s founding document; a valid commercial registration; an authorized representative of the company; an agency issued by the company containing the authorized person who issued the agency, together with his legal position in the company; and the presence of a written approval from the Ministry of Commerce and Investment in case there was a foreign partner covered by the foreign investment system.


KSA’s anti-graft agency Nazaha reports rise in corruption complaints

Nazaha has completed investigations into 59 percent of the complaints, with 4.4 percent referred to the Control and Investigation Board. (SPA)
Updated 19 February 2019
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KSA’s anti-graft agency Nazaha reports rise in corruption complaints

  • Nazaha announced the statistics as part of the National Strategy for the Protection of Integrity and Combating Corruption and Vision 2030

JEDDAH: Complaints to the Saudi National Anti-Corruption Commission, Nazaha, have risen by 50 percent in a single year amid increasing efforts to combat financial and administrative misconduct in the Kingdom.
Nazaha received 15,591 reports in 2018 compared with 10,402 the previous year, according to statistics released by the commission.
Financial and administrative corruption cases made up the bulk of the reports.
Nazaha has completed investigations into 59 percent of the complaints, with 4.4 percent referred to the Control and Investigation Board and 3.37 percent to the Kingdom’s Presidency of State Security.
The commission’s smartphone app received 29 percent of the reports, followed by the website at 23.6 percent, while 19.2 percent of the complaints were made in person at Nazaha’s branches. AN Jeddah
Nazaha announced the statistics as part of the National Strategy for the Protection of Integrity and Combating Corruption and Vision 2030.