Affidavit Of Assets Template for Saudi Arabia

An Affidavit of Assets is a sworn legal declaration that comprehensively documents your financial holdings under Saudi Arabian law. This formal document serves as an official record of your complete asset portfolio, prepared according to Sharia principles and authenticated by authorized legal officials. The affidavit provides courts, government authorities, and other parties with verified information about your financial position when required by law or legal proceedings.

When do you need this document?

You will need an Affidavit of Assets in various legal and financial situations within Saudi Arabia. Courts frequently require this document during divorce proceedings, inheritance disputes, or civil litigation where asset disclosure is mandatory. Financial institutions may request an affidavit when processing large transactions, loan applications, or investment opportunities that require asset verification. Government authorities often require asset declarations for tax compliance, anti-money laundering investigations, or regulatory filings under the Capital Market Law. Estate planning also necessitates detailed asset documentation, particularly when establishing trusts, preparing wills, or transferring property ownership within families.

Key legal considerations

Your affidavit must include specific mandatory elements to ensure legal validity under Saudi law. The document requires an Islamic oath affirming the truthfulness of your statements, as mandated by Sharia principles governing legal declarations. You must provide complete disclosure of all assets, including real estate properties, bank accounts, business interests, investments, vehicles, and valuable personal property both within Saudi Arabia and internationally. Deliberately omitting assets or providing false information constitutes perjury and may result in serious legal consequences including fines and imprisonment. The affidavit must be prepared in Arabic or include certified translations, and all asset valuations should reflect current market values with supporting documentation where possible.

Legal requirements in Saudi Arabia

Saudi Arabian law imposes strict requirements for Affidavit of Assets preparation and authentication. The document must comply with the Law of Procedure Before Sharia Courts, which governs the procedural aspects of sworn statements and requires proper notarization by authorized officials. Under the Anti-Money Laundering Law, you must truthfully disclose asset sources and ownership structures to prevent financial crimes. The Notarial Law mandates that affidavits receive proper authentication from licensed notaries or court representatives who verify your identity and witness your oath. For assets involving securities or investments, compliance with the Capital Market Law ensures proper declaration of financial holdings. The affidavit must be prepared on official legal paper, include your national ID or Iqama number, and bear the official seal of the authenticating authority to maintain legal recognition in Saudi courts and government proceedings.