Collective Real Estate Investment Schemes Escrow Account

A complete solution for safeguarding contributors’ funds and controlling disbursement across real estate contribution projects.

The Collective Real Estate Investment Schemes Escrow Account enables the developer to receive funds from contributors, financiers and purchasers into a separate account for each project, with Al Rajhi Bank acting as Escrow Agent. Disbursement is made only against a disbursement document certified by the engineering consulting office and the chartered accountant, with the option to create sub-accounts for revenue, expenses, and virtual account numbers to identify each deposit — giving the developer disciplined project control and giving contributors confidence that their funds are protected.