Commercial registration needed for sale
Al Ahli or Al Arabi points of sale, any bank other than Al Rajhi
The commercial registration must meet the following conditions:
A commercial registration that is established and operating normally, legally sound and without any remarks.
Purchase conditions and specifications:
1. No previous financing or obligations on the points of sale.
2. The registration must be free of any personal or commercial debts or financial claims.
3. Completion of all ownership transfer procedures through a certified law firm (chosen by the seller).
4. Full payment of the registration value after the transfer and successful extraction of point-of-sale financing. (Meaning transfer after financing extraction)
5. All terms, conditions, and contracts under the supervision of a certified lawyer to ensure the rights of both parties.
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