In brief
Regulates real estate contributions, i.e. raising money from contributors to develop property: licensing, subscription, management and accounts, contributors' rights, and penalties.
Summary of the law
Penalties
- Breaching the law or its regulation: penalties including a fine of up to SAR 10 million (Article 32).
- Breaching the articles listed in Article 35, including offering a contribution without a licence: up to three years' imprisonment, without prejudice to other penalties.
Practical tip
- Do not join any property scheme that collects money until you have checked its licence and approved account.
A plain-language summary prepared by Al-Bayan Al-Wadih Law Firm, focused on the violations and problems that come up most in daily life. It is not a substitute for the official text or for legal advice.
What it covers
- Licensing
- Subscription and accounts
- Contributors' rights
- Penalties
Timeline
- Issued: Royal Decree M/203 · 28/12/1444H
Full record of amendments and regulations at the official source
Official text at the Bureau of Experts
The authoritative text is in Arabic; the Bureau of Experts publishes English translations for some laws.
Full official text
The full official text is in Arabic and is reproduced on the Arabic version of this page, as published by the Bureau of Experts at the Council of Ministers. Read the full Arabic text
Library content is simplified general information for awareness only. It is not legal advice and does not replace the official text. Laws change: always check the official source and consult a lawyer before acting. Library data last reviewed: .