"Mamalakat" is an electronic platform licensed by the Ministry of Commerce in the Kingdom of Saudi Arabia, engaging in commercial mediation activities. The platform connects project owners with investors or interested parties and conducts a preliminary review of projects before displaying them, without being a party to the agreements or bearing any financial or legal responsibility for the dealings that occur between the parties.
Using the platform signifies explicit acceptance of the following terms and conditions:
1. Definitions
The Platform: "Mamalakat" – an electronic commercial mediation platform licensed by the Ministry of Commerce.
The User: any natural or legal person using the platform as a project owner, investor, or visitor.
The Project Owner: the entity that submits a business project to be offered through the platform.
The Investor: the individual or entity interested in communicating or investing in the presented projects.
2. Nature of Services
The platform receives business projects from their owners and conducts an initial review of core official documents before submission, which includes:
Verification of the commercial register
Type of business activity
License validity
Data of the legal representative
This review aims to ensure the existence of an established legal entity before presenting it to investors.
The platform's services do not include providing financial or legal advice, nor does it intervene in negotiations or the drafting or execution of agreements between parties.
3. Limitations of Liability
The platform's responsibility is limited to verifying the core official documents related to the project owner.
The platform does not guarantee the accuracy of financial forecasts or the success of the project or the realization of profits.
The platform bears no responsibility for:
Investment decisions made by users.
The results of transactions or partnerships resulting from the use of the platform.
Any marketing data or financial forecasts provided by the project owner.
The user is responsible for independently verifying the information and consulting specialists before entering into any obligations.
4. Funds and Transfers
The platform does not receive any monetary amounts or transfers from any party.
All financial transactions are conducted directly between the project owner and the investor, with their full responsibility.
It is recommended to use reliable means and document transactions in accordance with Saudi regulations.
5. Commission
The platform charges a commercial mediation commission only from the project owner in exchange for preliminary verification services, listing on the platform, and marketing.
The platform does not receive any fees or commissions from investors or visitors.
The percentage or amount of the commission is determined by a separate agreement with the project owner before submission.
The commission does not guarantee the completion of the deal or the achievement of returns.
The platform has the right to modify its commission policy in the future in a way that does not affect previous agreements.
6. Transparency and Disclosure
The platform commits to displaying projects after verifying the core official documents.
All marketing information or financial forecasts are the responsibility of the project owner.
The platform encourages users to verify independently and not make decisions based solely on the information presented.
7. Contracts and Ownership
The platform is not a party to any contract made between users.
All agreements are concluded outside the platform between the two parties directly.
The ownership of the content and the presented projects belongs to their owners, and reuse or copying is prohibited without permission.
8. Legal Disputes
The platform does not intervene in any disputes between users whether before or after contracting.
Any disputes are subject to the laws in force in the Kingdom of Saudi Arabia and will be referred to the relevant judicial authorities.
Using the platform does not create an agency or legal partnership between the user and the platform.
9. Transparency and Disclosure
Mamalakat operates to display projects with high transparency.
All displayed data is sourced from project owners, and Mamalakat is not responsible for its accuracy or completeness.
The platform advises investors to study projects carefully and consult independent experts when necessary.
10. Amendments
The platform has the right to modify these policies at any time without prior notice.
Amendments take effect from the date of their publication on the website.
Continued use of the platform after the amendment signifies acceptance of the modified terms.
Policies and Terms – Mamalakat Platform
Introduction:
"Mamalakat" is an electronic platform licensed by the Ministry of Commerce in the Kingdom of Saudi Arabia, engaging in commercial mediation activities. The platform connects project owners with investors or interested parties and conducts a preliminary review of projects before displaying them, without being a party to the agreements or bearing any financial or legal responsibility for the dealings that occur between the parties.
Using the platform signifies explicit acceptance of the following terms and conditions:
1. Definitions
The Platform: "Mamalakat" – an electronic commercial mediation platform licensed by the Ministry of Commerce.
The User: any natural or legal person using the platform as a project owner, investor, or visitor.
The Project Owner: the entity that submits a business project to be offered through the platform.
The Investor: the individual or entity interested in communicating or investing in the presented projects.
2. Nature of Services
The platform receives business projects from their owners and conducts an initial review of core official documents before submission, which includes:
Verification of the commercial register
Type of business activity
License validity
Data of the legal representative
This review aims to ensure the existence of an established legal entity before presenting it to investors.
The platform's services do not include providing financial or legal advice, nor does it intervene in negotiations or the drafting or execution of agreements between parties.
3. Limitations of Liability
The platform's responsibility is limited to verifying the core official documents related to the project owner.
The platform does not guarantee the accuracy of financial forecasts or the success of the project or the realization of profits.
The platform bears no responsibility for:
Investment decisions made by users.
The results of transactions or partnerships resulting from the use of the platform.
Any marketing data or financial forecasts provided by the project owner.
The user is responsible for independently verifying the information and consulting specialists before entering into any obligations.
4. Funds and Transfers
The platform does not receive any monetary amounts or transfers from any party.
All financial transactions are conducted directly between the project owner and the investor, with their full responsibility.
It is recommended to use reliable means and document transactions in accordance with Saudi regulations.
5. Commission
The platform charges a commercial mediation commission only from the project owner in exchange for preliminary verification services, listing on the platform, and marketing.
The platform does not receive any fees or commissions from investors or visitors.
The percentage or amount of the commission is determined by a separate agreement with the project owner before submission.
The commission does not guarantee the completion of the deal or the achievement of returns.
The platform has the right to modify its commission policy in the future in a way that does not affect previous agreements.
6. Transparency and Disclosure
The platform commits to displaying projects after verifying the core official documents.
All marketing information or financial forecasts are the responsibility of the project owner.
The platform encourages users to verify independently and not make decisions based solely on the information presented.
7. Contracts and Ownership
The platform is not a party to any contract made between users.
All agreements are concluded outside the platform between the two parties directly.
The ownership of the content and the presented projects belongs to their owners, and reuse or copying is prohibited without permission.
8. Legal Disputes
The platform does not intervene in any disputes between users whether before or after contracting.
Any disputes are subject to the laws in force in the Kingdom of Saudi Arabia and will be referred to the relevant judicial authorities.
Using the platform does not create an agency or legal partnership between the user and the platform.
9. Transparency and Disclosure
Mamalakat operates to display projects with high transparency.
All displayed data is sourced from project owners, and Mamalakat is not responsible for its accuracy or completeness.
The platform advises investors to study projects carefully and consult independent experts when necessary.
10. Amendments
The platform has the right to modify these policies at any time without prior notice.
Amendments take effect from the date of their publication on the website.
Continued use of the platform after the amendment signifies acceptance of the modified terms.