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 Arabian Monetary Agency (SAMA) requirements and procedures, the services include but not limited to:
Benefits:
- 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.
E-mail: FransiOffPlanSales@Alfransi.com.sa
