The Ministry of Commerce Launches the Right Security System on Movable Funds, and Confirms that it will Organize the Security Rights and Facilitates Access to Credit

15 Apr 2020


Launching the Consolidated Register as a Declaration or Publicity Platform would Enable the Process of Searching and Getting Accredited Reports

The Ministry of Commerce confirmed that the System of Security Rights on movable funds would extend the range of movable funds that are subject to guarantee, and facilitates access to credit, especially for small and medium enterprises.

This system also aims to regulate the security rights on movable funds, and it would consolidate the right declaration platform for movable funds for all types of security rights. Notably, this system will have a positive impact on improving the Kingdom's ranking in the World Indexes.

The executive regulations that were issued recently had explained some of the provisions mentioned in this system, such as determining the funds that are not executed in favor of a third party except after ownership, as well as some provisions related to implementation outside the court. The executive regulations also organize the provisions of the consolidated register of the rights on movable funds, also whatever related to the requirements of declaration in the register, besides any amendments or termination thereof. In addition, the Executive Regulations allow the public to search through the consolidated register about the rights relevant to movable funds.

The Ministry of Commerce has launched the Consolidated Register of the Rights on Movable Funds, which is considered as an electronic database, containing information about the security rights over the movable funds declared in the Consolidated Register. This system can be accessed through the following link: This system has been found in cooperation with the Ministry of Commerce, the Saudi Arabian Monetary Agency, the Saudi Center for Economic Business and the National Competitiveness Center.

This register aims to publicize or declare the security rights and assists the interested parties in having an idea about the previous declarations or statements on movable funds, used as collateral. The date and time of the publicity shall be considered in determining the priority among those holding the guarantee, in case they are more than one, and claiming one movable fund.

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Last Modified 16 Apr 2020