FAQ
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Tawtheeq Company for financial lease registration , licensed by the Saudi central bank under license number : 56 / ت ع / 202004.
the company provides financial lease contract registration services for contracts executed by lessors licensed by the Saudi central bank .
And acts as an intermediary between Banks \ financial institutions, the ministry of justice and repossession companies to ensure the full lifecycle of the contract.
Tawtheeq provides highly professional and efficient services with competitive prices .
the company provides financial lease contract registration services for contracts executed by lessors licensed by the Saudi central bank .
And acts as an intermediary between Banks \ financial institutions, the ministry of justice and repossession companies to ensure the full lifecycle of the contract.
Tawtheeq provides highly professional and efficient services with competitive prices .
Tawtheeq Provides services to all lessors licensed by Saudi central bank, Banks and Financing institutions
And provides transfer of ownership service after the completion of financial lease contract to lessees individuals and companies .
1-Registering financial lease contracts and issuing a certificate of the registered contract .
2-Documenting amendments made to the registered contract.
3-Closing the contract after all payment are completed.
4-Issuing Repossession Certificate on moveable assets under the registered contract.
5-Issuing Repossession Certificate on fixed assets (Real Estate) under the registered contract .
6-Issuing Financial execution Certificate on the registered contract.
7-Registering the transfer of financial lease contract rights resulting from disposal transactions of financed assets or related rights.
8-Providing consulting services and reports related to financial lease felid in the Kingdom of Saudi Arabia .
9-Providing document review and processing services.
10-Providing vehicle ownership transfer service after the completion of the financial lease contract.
2-Documenting amendments made to the registered contract.
3-Closing the contract after all payment are completed.
4-Issuing Repossession Certificate on moveable assets under the registered contract.
5-Issuing Repossession Certificate on fixed assets (Real Estate) under the registered contract .
6-Issuing Financial execution Certificate on the registered contract.
7-Registering the transfer of financial lease contract rights resulting from disposal transactions of financed assets or related rights.
8-Providing consulting services and reports related to financial lease felid in the Kingdom of Saudi Arabia .
9-Providing document review and processing services.
10-Providing vehicle ownership transfer service after the completion of the financial lease contract.
1- Inquiry service about the statues of the registered contract.
2- Inquiry service about the certificates issued for the registered contract.
3- Vehicle ownership transfer service after the completion of the financial lease contract .
2- Inquiry service about the certificates issued for the registered contract.
3- Vehicle ownership transfer service after the completion of the financial lease contract .
Tawtheeq provides reports related to financial lease field in the Kingdom of Saudi Arabia ,please contact: Business@tawtheeqco.com.sa
1-Financial execution Certificates
2-Financial Repossession Certificate for fixed assets
3-Financial Repossession Certificate for moveable assets
All certificate issued by Tawtheeq are considered an executive deed for the registered contract.
2-Financial Repossession Certificate for fixed assets
3-Financial Repossession Certificate for moveable assets
All certificate issued by Tawtheeq are considered an executive deed for the registered contract.
It’s the service of transferring the vehicle ownership after completing the full payments of the financial lease contract by the lessee , in accordance with the followed procedures in transferring the ownership of the vehicle from the financial institution to the lessee in the kingdom of Saudi Arabia.
The vehicle transfer ownership service completes the contract lifecycle in accordance with terms and conditions of the contract after completions by transferring the ownership , establishing their right and responsibilities as the legal owner for the registration and insurance purposes.
Why does lessee select Tawtheeq for vehicle ownership transfer instead of going to a car dealership?
Why does lessee select Tawtheeq for vehicle ownership transfer instead of going to a car dealership?
Normally ,vehicle ownership transferring requires the lessee to make in person visits to car dealerships during specific working hours. At Tawtheeq , we distinguish ourselves by providing solutions that enhance the costumer experience , allowing this process to be completed by the phone\online at flexible hours, without the need to visit a dealership. The lessee can share all required information and confirm the transfer by the phone\online , in addition of providing the service with competitive pricing.
To transfer your vehicle ownership through Tawtheeq, please contact our customer service team at the toll-free number : 8001010100 to complete the process.
Tawtheeq provides the vehicle ownership transfer service at a fee of 630 SAR (VAT not included).
Failure to transfer the vehicle ownership after closing the contract and settling all obligations may result in a daily fee or repossession of the vehicle in accordance with the contract signed between the lessee and the lessor in case of delay, The lessor has the right to requests the issuance of a financial execution for each day of delay from the contract termination date, which is considered enforceable, or request the issuance of Repossession Certificate for the moveable asset .
The lessee is responsible for initiating the ownership transfer request after the contract has ended and all procedures have been completed.
The request can be submitted by contacting the toll-free number : 8001010100 or via email: TOS@TawtheeqCo.com.sa
The request can be submitted by contacting the toll-free number : 8001010100 or via email: TOS@TawtheeqCo.com.sa
Yes, the new owner must obtain new insurance for the vehicle before completing the ownership transfer process.
The lessee must provide a vehicle ownership transfer insurance policy which is a document proving that the vehicle is insured under the new owner’s name . this document must be issued prior to completing the ownership transfer.
The lessee must provide a vehicle ownership transfer insurance policy which is a document proving that the vehicle is insured under the new owner’s name . this document must be issued prior to completing the ownership transfer.
Yes , vehicle ownership can be transferred between family members (for example: from husband to wife , or brother , or son)
However, this may require authorization letter from the chamber of commerce with the lessors approval .
However, this may require authorization letter from the chamber of commerce with the lessors approval .
The lessee must initiate the vehicle ownership transfer request immediately after settling all obligations to avoid regulatory actions that may be taken by the lessor , such as Issuing Financial execution Certificate or Issuing Repossession Certificate on moveable assets .
You can check the status of your ownership transfer requests through Absher platform or by directly contacting Tawtheeq Customer service via the
toll -free number: 8001010100.
toll -free number: 8001010100.
If the lessee wishes to request the transfer of ownership after settling all obligations on the financial lease contract , the following must be provided:
1- Authorization letter number issued by the chamber of commerce from the lessor to transefer ownership .
2- Settliling all traffic violations .
3- Vehicle insurance under the new owners name .
4- No active service suspension\restrictions.
5- Valid vehicle inspection .
6- Payment of Tawtheeq service fees .
These documents can be submitted by contacting the toll-free number :8001010100
Or via email : TOS@TawtheeqCo.com.sa
1- Authorization letter number issued by the chamber of commerce from the lessor to transefer ownership .
2- Settliling all traffic violations .
3- Vehicle insurance under the new owners name .
4- No active service suspension\restrictions.
5- Valid vehicle inspection .
6- Payment of Tawtheeq service fees .
These documents can be submitted by contacting the toll-free number :8001010100
Or via email : TOS@TawtheeqCo.com.sa
Tawtheeq provides an electronic payment channel through the Saudi payment “SADAD” system. Tawtheeq does not send payment links .
After payment, using the provide SADAD payment reference number, the invoice will be sent directly to the lessee via email\mobile number .
No, there is no fees .
By contacting Tawtheeq Customer service via the toll- free number : 8001010100.
Within a maximum of five work days after cancellation.
Yes there is fees , the lessee will be notified as soon as the request Is canceled.
After the ownership transfer is completed and reflected in Absher, the lessee must visit the nearest traffic police branch (Moroor) to print the new registration card.
1-Vaild vehicle insurance .
2-Valid periodic vehicle inspection.
3- No traffic violations.
4- No service suspensions.
2-Valid periodic vehicle inspection.
3- No traffic violations.
4- No service suspensions.
If all requirement are met and fees are paid, the ownership transfer is completed immediately .
We are pleased to welcome you to Tawtheeq family , you can join by filling out the contact form on the “contact us” page , and our team will contact you directly to complete the contracting process.