Without prejudice to the provisions of the rules and regulation - and any modifications made to them- the applicant must complete and deliver the “Application File” within (40) working days starting from 15-05-2022 and ending on 21-07-2022, also the “Application file” must include each of the following documents, and these documents must be valid:
– Filling the online application "qualifying service for enterprises applying for a group license for the periodic technical inspection activity".
– Submitting the national address for the applicant.
– Submitting the draft contract for the establishment of the periodic technical inspection company and its articles of association. The license applicant is also required to practice the activity by a corporate or a limited liability company provided that the capital of the applicant company shall not be less than (100,000,000 million riyals) one hundred million riyals.
– A list of the founding members or shareholders and partners, including the shares of each and their percentage in the enterprise.
– Submitting a report from SIMAH or any other licensed company to provide credit information, stating the financial position of the founding members.
– Attaching a resume of all the managers, partners and founders that are relevant to the project.
– Submitting a proof that the applicant has the financial ability to provide the service of periodic technical inspection service and operating on the proposed sites.
– Submitting a proof of expertise and technical ability or the ability to obtain it.
– Submitting an economic feasibility study.
– Submitting any agreements with other parties outside the company.
– Validity of all the documents when applying, and until issuing the licensing decision.
– All documents must be submitted in Arabic, or submitting supporting documents in a foreign language when needed, along with a translation of those documents from an accredited office. If there is a conflict between the Arabic text and the foreign text of the offers, the text in the Arabic language shall be taken into consideration.
– The application file must be submitted in electronic files, PDF version, in font size at least 14, with applications submitted in an open source copy, Microsoft Word - Microsoft PowerPoint Upon request.
– The applicant for a group license must provide the initial bank financial guarantee of one million Saudi riyals (1,000,000 Saudi riyals).