Escrow Account

Banque Saudi Fransi provides Escrow account management services for Real Estate Developers to meet Off-Plan Sales or Rent committee (WAFI) and Saudi Central Bank (SAMA) requirements and procedures, the services include but not limited to:
  • Open & Operate 6 Sub accounts for each project (Marketing, Construction, Retention, Incentives by Ministry of Housing MOH, Developer loan account and purchase commitment fee) with specified fund distribution mechanism.
  • Competitive Fees to manage the escrow account.
  • Monthly and Quarterly Report and Statement will be sent to WAFI, Developer, Accountant and Engineering Consultant.
  • A dedicated Expert Relationship Manager to manage the Escrow account.
  • Quick turnaround time to open escrow account.

For more information, don’t hesitate to contact us via email
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