13,600 mortgage e-authentications completed, Saudi ministry reports

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SPA
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1561497194599081200
Wed, 2019-06-26 00:12

RIYADH: The mortgage electronic authentication service, launched by the Justice Ministry three months ago, has completed more than 13,600 e-authentications.
The ministry reported that there were 3,409 electronic applications for vacating property, 8,776 mortgage update applications, and 3,754 requests to issue duplicate mortgages in cases of loss or damage.
The new service guarantees beneficiaries the option of transferring ownership of their property using the electronic mortgage within an hour without any charge.

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