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 Central Bank (SAMA) requirements and procedures.
Benefits and features
- Open & Operate Sub accounts for each project (Marketing, Construction, Retention)
- Competitive Fees to manage the escrow account.
- A 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 an escrow account.
- Security of funds
