Banking Sector

With the growth of banking and financial activities in the Kingdom of Saudi Arabia and the expanding role of financing in supporting projects, legal governance in this sector has become an urgent necessity:

More than (SAR 5 trillion) in total banking assets in the Kingdom of Saudi Arabia.

Precise supervision by the Saudi Central Bank (SAMA) over banks and finance companies.

Major expansion and a qualitative leap in FinTech and crowdfunding services.

The pivotal role of the financial sector in Vision 2030 through privatization, financing, and major investment initiatives.

Therefore, refined legal expertise has become the preventive shield for safeguarding funds and entities from every contingency.

Our services include the following

Licensing

• Undertaking all statutory procedures necessary to obtain the licenses, approvals, and permits required for banking activities and adherence to SAMA regulations, and reviewing operational and regulatory policies.

We prepare

• Establishing finance companies.
• Reviewing licensing documents with (SAMA) and the Capital Market Authority.
• Auditing and developing regulations, disclosure, and anti-money laundering.
• Preparing internal bylaws to ensure the sustainability of regulatory discipline.
• Proactive regulatory consultations.
• Drafting regulatory requests.
• Representation before official bodies.

Contracts

• With the diversity of financing instruments and the breadth of SAMA and Capital Market Authority oversight, precise legal drafting becomes the basis of trust and a means of preparing a safe investment climate that ensures the discipline and stability of commercial relations with clients, counterparties, and regulatory bodies.

We prepare

• Drafting personal, real estate, and commercial financing contracts.
• Preparing mortgage, guarantee, and banking facility contracts.
• Preparing Murabaha, Ijara, and Islamic financing contracts.
• Regulating guarantees and related contracts.
• Review, audit, and development.
• Regulating the regulatory relationship with clients and related parties.
• Updating contract templates and internal bylaws.

Banking Disputes

• Banking disputes represent a decisive moment requiring a deep understanding of the laws and a scrutinizing legal vision to preserve rights and restore confidence; skilled litigation is not a formal procedure, but a tool to restore balance upon any defect.

We do the following

• Representing clients in banking disputes.
• Objecting to the dispute.
• Litigating cases of guarantee cheques or payment default.
• Claiming compensation for damages.
• Preventive consultations.

Financial Products

• Reviewing innovative financial products, ensuring their conformity with the laws and regulations, and providing legal opinion on risks and contracts.

We do the following

• Reviewing personal, real estate, commercial, and other financing products.
• Legal auditing of Islamic financial products.
• Providing consultations to investors and FinTech companies.
• Analyzing contracts related to financial instruments and guarantees.

Risk Management

• We help banking and financial institutions against regulatory errors by auditing their documents and tools and analyzing the extent of their legal compatibility with internal and external risks.

We do the following

• Analyzing the bank's or finance company's lending and collection procedures from a legal perspective.
• Auditing the disclosure forms and contracts used with clients.
• Reviewing the risk classification and guarantee systems.
• Preparing an internal mechanism to avoid regulatory errors.
• Protecting procedures against sudden claims.
• Assessing the legal risks arising from modern financial products.
• Developing electronic documentation procedures to comply with the Law of Evidence.

Dealing with Regulatory Bodies

• Within the framework of dealing with sovereign and regulatory bodies in the Kingdom, the legal procedure requires adopting a balanced approach that ensures the soundness of practical controls and the regularity of transactions in accordance with the applicable regulatory requirements.

We do the following

• Reviewing and drafting sovereign contracts.
• Enforcing adherence to regulatory requirements and standards.
• Preparing internal policies and bylaws related to government relations.
• Litigating before the competent authorities.