Off-Plan Sales Program (Wafi)

The company and six of its employees have been accredited by the Ministry of Municipal, Rural Affairs, and Housing as part of the Wafi program, the legally authorized entity for issuing licenses to practice off-plan real estate unit sales in the Kingdom of Saudi Arabia and for issuing registration certificates in the Real Estate Developers Registry for real estate development companies.

 

What Are the Duties and Responsibilities of a Certified Public Accountant?

Reviewing and auditing the financial documents required for project disbursements.

Auditing and verifying the financial payment document required for project disbursement.

Monitoring and auditing the financial data of sold unit values and ensuring they have been deposited into the escrow account.

Submitting quarterly reports to the committee on the financial and accounting transactions of the escrow account, including the project’s financial position statement and details of disbursements from the escrow account, along with the necessary supporting documents.

Approving the transfer or disbursement of any funds in accordance with the Escrow Account Regulations.

Request for Service