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Request of approval to accredit authorized signatories on the escrow account

Request of approval to accredit authorized signatories on the escrow account
Description

Through this service, customers can apply for approval to designate an authorized signature for the project's escrow account.

Service Procedures

Via e-system:
Step 1: Sign up or log in to the Mollak system. If you are a new user, create an account by providing the required information. For existing customers, simply log in and select the desired service.

Step 2: Enter the necessary details in the provided fields, attach the required documents as specified, and submit the application online.

Step 3: Your application will undergo an auditing process. You will receive a notice of acceptance or rejection via the system, informing you of the status of your application.

Step 4: Upon approval of your application, you will receive a notice of approval via email, confirming the successful processing of your request.

Step 5: To access the data related to your application, visit the Land Department's website and navigate to the Mollak system. You will be able to view the relevant information and updates regarding your submitted application.

Required Documents

1- Company license

Service Time

1 Business Day

Service Terms

1- The company director or the company’s financial director is required to be present

Service Channels

Regulations Department (to be available in Mollak system soon)

Third Parties / Partners

Banks

Residency Status

Companies

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