Alamthal Financing Terms & Conditions

These Terms and Conditions ("Terms") have been designed to provide clear guidance and legally binding terms in respect of services provided by Alamthal Financing Finance Company, a company duly incorporated under the laws of the Kingdom of Saudi Arabia (hereinafter referred to as "Alamthal Financing ", or "the Company"). These Terms govern the use of amthal Financing application for financing services, the amthal Financing website and your relationship with the Company as well as any other services that are made available through the use of the amthal Financing application from time to time (the "Services"). This document is available both in Arabic and English.

These terms are presented to you for your review and acceptance before you give your consent to complete the login and registration process (hereinafter referred to as "Registration") by the Company. Registration is a prerequisite for using the amthal Financing application, the amthal Financing website and the financing products it provides. Registration requires the Company to perform Know Your Customer ("KYC") in order to verify you as the authorized user of the Services and will only be done when you determine your acceptance of the Terms.

Please read these Terms carefully before completing registration as the Terms affect your rights and obligations under the laws of the Kingdom of Saudi Arabia. If you do not agree to these Terms, please refrain from using amthal Financing application by registering, thereby acknowledging that you have read, understood and agree to be bound by these Terms.

Definitions

The following words and phrases shall provide the following meanings as follows:

"Application" means the mobile app used as the digital platform to avail amthal Financing products and services.

"SAMA" means the Saudi Central Bank.

"SIMAH" means the Saudi Credit Bureau.

“BAYAN” means Bayan Credit Bureau.

"Customer Care Center" means the centralized customer care number which Customers may access 24 hours a day to report any technical problems.

"Distributor/Agent" is the vendor assigned and/or listed by amthal Financing to provide products and services.

"Distributor’s Services" are the services and functions undertaken by the distributors/agents listed with amthal Financing.

"KYC" refers to the "Know-Your-Customer" process and to the business entity details of a customer which is authenticated as per SAMA and other government entity requirements.

"Lending" refers to the financing products offered to amthal Financing Customers.Alamthal Financing’s determination of the Customers eligibility to receive financing will be at amthal Financing’s sole discretion and in accordance with the defined qualification criteria and policies.

"Money Laundering" refers to all activities prohibited in accordance with the KSA’s Anti-Money Laundering laws and rulings.

"Activation Code" means the 4-digit pin code that maybe issued to the Customer upon registration to the amthal Financing app. The 4-digit pin code is used to activate the Customer’s account.

“Alamthal Financing Finance Company” is a joint stock company registered under the laws of the Kingdom of Saudi Arabia, with a registered headquarters located in Riyadh.

Registration and Requirements

Registration to the amthal Financing account can be completed through the App.

Registration is subject to the collection of complete KYC information and validation of Customer’s identity in accordance with SAMA regulations.

Alamthal Financing reserves the right, at any time, to undertake all relevant steps and procedures necessary to ensure compliance with all relevant and applicable SAMA KYC requirements.

The Customer/or his representative must certify that all information provided is correct, complete, and precise.

Alamthal Financing reserves the right at any time to reject an application onboarding request in the event of any discrepancies or inaccuracies in the information or documentation provided by the Customer.

Upon registration to the amthal Financing app, the Customer/or his representative will receive a confirmation message that verifies the successful creation of the account.

When registering for the amthal Financing application, the customer/or his representative will receive a confirmation message confirming the successful creation of the account.

The customer/or his representative is solely responsible for the accuracy of the information provided. If the information provided by Customer is determined to be incorrect, erroneous or misleading,Alamthal Financing bares no responsibility and is not liable for any consequences that may result from the provision of such misleading information.

If the customer/or his representative has actual or constructive knowledge regarding the inaccuracy of the information provided about his Account, the Customer must notify amthal Financing by contacting to 8001111810 or [email protected] as soon as possible.

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