Security Agreement Contract Template for Saudi Arabia

1. Further Assurance: Additional undertakings to perfect or protect the security interest, used in complex transactions

2. Security Margin: Provisions for maintaining specific collateral value ratios, used when dealing with fluctuating asset values

3. Insurance: Requirements for insurance of secured assets, used for physical assets requiring protection

4. Custody Arrangements: Provisions regarding custody of secured assets, used when assets need to be held by a third party

5. Priority Arrangements: Provisions dealing with ranking of security interests, used when multiple security interests exist

6. Special Shariah Provisions: Additional provisions ensuring Shariah compliance, used in transactions requiring extra Shariah scrutiny

7. Release and Discharge: Detailed provisions for releasing security upon satisfaction of obligations, used in complex arrangements

1. Asset Schedule: Detailed description and/or list of secured assets including all relevant identifying information

2. Perfection Requirements Schedule: Specific steps and documents required for perfection of security interest

3. Form of Registration Documents: Templates for documents required for registering the security interest

4. Form of Notices: Standard forms of notices to be given under the agreement

5. Existing Security Interests: List of any existing security interests affecting the secured assets

6. Form of Power of Attorney: Template power of attorney document compliant with Saudi law

7. Shariah Structure Diagram: Visual representation of the security structure confirming Shariah compliance