RIYADH: Around 190,000 people benefited from the property e-conveyancing transactions service since its launch, the Saudi Ministry of Justice announced on Sunday.
“The service is available through the Najiz.sa portal at ept.moj.gov.sa,” the ministry said.
“The upper limit for the e-conveyance of the property is from SR3 million ($798,333) to SR20 million.”
The service has been streamlined to enable electronic agreement on sale terms without a notary’s certificate, so that the operation can be completed in less than one hour.
It also enables digital verification of bank accounts and payment of property transaction tax.
As part of several reforms and development initiatives, the Ministry of Justice is working on enhancing digitization and providing innovative tech solutions that facilitate services, simplify procedures and boost security.
“In cooperation with the Saudi Central Bank, the ministry made it available through 17 local and international banks,” the statement said.
Recently, the Ministry of Justice announced that Najiz portal has so far provided 140 electronic services, making it easier for beneficiaries to complete their transactions remotely.
Since the beginning of 2022, Najiz registered more than 36 million operations of judicial nature, benefitting 7.3 million individuals.