Escrow Account

Assisting developers in Saudi Arabia

If you are a Real Estate developer who wants to sell units off plan you must have an Escrow Account in accordance with the law. Our end-to-end services have been approved by the ministry and SAMA so that you can get on with your business.

The Escrow Account is suitable for:

  • Real Estate Developers
  • Insurance Companies
  • Companies partaking in trigger based transactions

More benefits related to an Escrow
Account

  • Rental Proceeds Collection/LRD Deals

    Your tenants can settle their rental payments via our escrow account, providing peace of mind to both parties that transactions will be carried out appropriately.

  • Supplier Payments Related

    Ensure that payments to Suppliers are only settled once you have received your goods.

  • Mergers & Acquisition

    Our Escrow account is perfect for settling the purchase of businesses, ensuring funds are transferred once contracts have been approved and signed by all parties.

  • Joint Venture Initiatives

    Ensure efficient and seamless transfers when conducting transactions with business partners. An Escrow Account will provide you and your business partners with a communal pool to deposit funds for particular transactions.

How To Apply

  • Am I Eligible ?

Eligibility & Criteria

  • Self employed, small businesses, establishments, Limited liability companies (LLC) and private companies

Required Documents

  • Permission from the Ministry of Housing and Industry to open the Escrow Account
  • Agreement with Bank for Escrow Account use

FOR ENQUIRIES CALL:

8001248888