Escrow Accounts

Escrow Accounts

Escrow Accounts

This is special account which has highly restricted limitations on usage by the customer. The accounts of these types allow for the collection and disbursement of money into a bank account where the release of funds will not be allowed unless specific conditions are met. The conditions must be in accordance with rules established by SAMA.


  • Can be used under a broad range of circumstances: for real estate projects, for the fund-raising of a company under formation, or for any type of purpose in which the project is specified.
  • MIS reporting (provide quarterly reports to ministry of housing for sale on map).
  • Simple account reconciliation.
  • Controlled account management and transactions handling.


  • Permission from the Ministry of Housing (for sale on map).
  • Fill and return the required registration and agreement forms.

Apply Now

To open a SAIB Escrow Account contact our Flexx Call contact center at 800 124 8000 or email us at #Group - Cash Management Sales Team 

For support and technical solutions, you can contact us by e-mail on