Mummtakat is an electronic platform that operates for commercial mediation purposes, with the mission of connecting project owners and investors by showcasing and marketing investment projects. All information displayed on the platform is provided by the project owners themselves and does not, in any way, represent an investment recommendation or financial or legal advice from Mummtakat Platform.
2. Limitations of Platform Liability
The role of the Mummtakat platform is limited to acting as a commercial mediator between the parties, by showcasing projects and connecting investors with their owners strictly within the scope of mediation.
The platform does not collect, receive, or manage investor funds, nor does it participate in executing financial transactions between the parties.
The platform does not issue shares, bonds, or investment units, and does not provide any financial guarantees or commitments to achieve profits or future returns.
3. Responsibility for Decisions
The user – whether an investor or a project owner – bears full responsibility for all of their decisions and outcomes from transactions conducted through the platform.
The platform always advises users to verify the accuracy of information and to seek independent financial or legal advice before engaging in any investment or contractual project.
4. Risks and No Guarantees
All projects and investments presented through the platform carry potential financial and investment risks, including the possibility of losing capital.
Mummtakat Platform does not provide any explicit or implicit guarantees of project success or achieving future returns.
Both the investor and the project owner bear full responsibility for any losses or liabilities arising from their relationship.
5. Disputes and Legal Liability
The relationship between the investor and the project owner is considered a direct contractual relationship, subject to the contracts made between the two parties and the applicable laws in the Kingdom of Saudi Arabia.
Mummtakat Platform is not a party to this relationship and does not bear any legal, financial, or operational liability arising from disputes or transactions between the parties.
Any dispute that arises between the parties is addressed directly between them, without intervention or liability from the platform.
6. Compliance with Regulations
Mummtakat Platform adheres to all regulations and regulatory laws applicable in the Kingdom of Saudi Arabia, including but not limited to:
Electronic Commerce Law,
Companies Law,
Anti-Cover Up Law,
Regulations related to commercial mediation.
All users of the platform must refrain from using it for any illegal or non-compliant purpose, and the parties bear full responsibility for any violation.
7. User's Acknowledgment
By using the platform, the user explicitly acknowledges that:
They have reviewed this disclaimer and fully understand its content,
They recognize that the role of Mummtakat Platform is limited to commercial mediation only,
They bear full responsibility for their investment or contractual decisions,
They exempt the platform from any legal, financial, or operational liability related to the projects displayed or dealings with other parties.