Affidavit Of Assets And Liabilities For Non Agrarian Deponents Template for Saudi Arabia

An Affidavit of Assets and Liabilities for Non Agrarian Deponents is a legally binding sworn statement that provides a comprehensive overview of your financial position under Saudi Arabian law. This document excludes agricultural assets and focuses on all other forms of wealth, liabilities, and financial obligations. You must prepare this affidavit when legal proceedings, government authorities, or financial institutions require official verification of your financial status within the Kingdom of Saudi Arabia.

When do you need this document?

You will need this affidavit in several critical situations throughout your legal and financial dealings in Saudi Arabia. During divorce proceedings, courts require complete financial disclosure to determine alimony, child support, and asset division according to Sharia law principles. When applying for significant loans or credit facilities, banks and financial institutions demand sworn statements of your assets and liabilities to assess creditworthiness and compliance with Anti-Money Laundering regulations. Government authorities may request this document for tax assessments, business licensing, or when you're involved in commercial disputes requiring financial transparency. Additionally, you'll need this affidavit when entering major business transactions, partnership agreements, or when court orders mandate complete financial disclosure for litigation purposes.

Key legal considerations

Your affidavit must include specific mandatory sections to ensure legal validity under Saudi law. The declaration and identification section requires your full legal name, Saudi ID or Iqama number, complete address, and a formal statement of truth under Islamic law principles. You must clearly state the purpose for which you're making this affidavit and provide detailed personal information including marital status, dependents, and employment details. The real estate assets section demands comprehensive disclosure of all owned properties, including residential, commercial, and investment real estate with accurate valuations and ownership percentages. Financial assets must encompass bank accounts, investments, stocks, bonds, and business interests with current market values. All liabilities including loans, mortgages, credit card debts, and other financial obligations must be declared with outstanding balances and creditor information.

Legal requirements in Saudi Arabia

Under the Basic Law of Governance and Law of Civil Procedures, your affidavit must be prepared in Arabic or accompanied by certified translations if originally drafted in another language. The document requires notarization by an authorized official, typically a notary public or Ministry of Justice representative, who will verify your identity and witness your oath. You must sign the affidavit in the presence of the notary and any required witnesses, understanding that false statements constitute perjury under Saudi law. The Commercial Court Law mandates that business-related assets be declared with supporting documentation, while the Anti-Money Laundering Law requires transparency in financial holdings to prevent illicit activities. Real estate assets must comply with the Law of Real Estate Registration requirements, including proper documentation of ownership and any encumbrances. Remember that this affidavit becomes a legal record that can be used as evidence in court proceedings and must reflect your complete and accurate financial position at the time of signing.