Banking Sector

With the growth of banking and financial activities in the Kingdom and the expanding role of financing in supporting projects, legal governance in this sector has become a pressing necessity. More than (5 trillion riyals) in total banking assets, with close supervision by the Saudi Central Bank (SAMA) and the sector's pivotal role in Vision (2030).

Licensing

Undertaking all the necessary legal procedures to obtain licenses, approvals, and permits, and complying with (SAMA) regulations as well as reviewing operational and supervisory policies:

• Establishing financing companies
• Reviewing licensing documents with (SAMA) and the Capital Market Authority
• Auditing and developing regulations and combating money laundering
• Preparing internal regulations to ensure regulatory discipline
• Proactive regulatory consultations
• Drafting regulatory applications and representing before authorities

Contracts

• Drafting personal, real estate, and commercial financing contracts
• Preparing mortgage, guarantee, and banking facility contracts
• Preparing Murabaha, Ijara, and Islamic financing contracts
• Organizing collaterals and related contracts
• Review, audit, and development
• Updating contract templates and internal regulations

Banking Disputes

• Representing clients in banking disputes
• Filing objections against disputes
• Litigating guarantee cheque or payment default cases
• Claiming compensation for damages
• Preventive consultations

Financial Products

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

Risk Management

• Analyzing the bank's or financing company's procedures in lending and collection
• Auditing disclosure templates and contracts used with customers
• Reviewing risk classification and collateral systems
• Preparing an internal mechanism to avoid regulatory errors
• Assessing legal risks arising from modern financial products
• Developing electronic documentation procedures in line with the Evidence Law

Dealing with Regulatory Authorities

• Reviewing and drafting sovereign contracts
• Ensuring strict compliance with regulatory requirements and standards
• Preparing internal policies and regulations related to government relations
• Litigating before the competent authorities