Affidavit Of Sale Template for Saudi Arabia

An Affidavit of Sale is a sworn statement that legally documents the transfer of ownership from seller to buyer in Saudi Arabia. This crucial document serves as official evidence of a completed transaction and must comply with both Islamic law principles and Saudi commercial regulations to be legally valid.

When do you need this document?

You need an Affidavit of Sale when transferring ownership of vehicles, real estate, business assets, or valuable personal property in Saudi Arabia. Government agencies require this document for registration updates, title transfers, and tax assessments. Courts may demand it as evidence in disputes over ownership or transaction validity. Banks and financial institutions often require it for loan applications involving the sold property. Insurance companies need it to update coverage or process claims related to ownership changes.

Key legal considerations

Your affidavit must include your complete legal identification as the seller, including full name, Saudi ID or Iqama number, and current address. The document requires a detailed description of the sold item with all identifying characteristics, serial numbers, or registration details. You must specify the exact sale date, purchase price, payment method, and confirm receipt of full payment. Under the Anti-Commercial Fraud Law, false statements carry serious penalties, so all information must be completely accurate. The affidavit should include any warranties, conditions, or liens affecting the sale. If you're representing a company, include proper corporate authorization and your official capacity.

Legal requirements in Saudi Arabia

Saudi law requires your Affidavit of Sale to be notarized by an authorized notary public under the Law of Public Notarization for legal recognition. The document must comply with Commercial Courts Law provisions governing commercial documentation and statement validity. All parties must be properly identified with valid Saudi identification documents. If processed electronically, the affidavit must meet Electronic Transactions Law requirements for digital signatures and authentication. The document must reflect Sharia law principles in its structure and content, particularly regarding prohibited transaction types. Witness signatures may be required for high-value transactions or specific property types. Government registration authorities may impose additional formatting or content requirements depending on the type of property being transferred.