Project Achievements

• Nafith solution enables execution judges to carry out judicial orders relating to disclosure, seizure, lifting seizures and executing on securities and funds automatically. This accelerates the execution of rulings without delays.
• The process of executing judicial orders, before applying Nafith system, used to take 20 to 25 working days. Now, using Nafith, judicial orders are executed within just 3 to 5 working days.
• The electronic link between the Capital Market Authority (CMA), the execution departments at the Ministry of Justice, authorized entities, and the Saudi stock exchange (Tadawul), enabled CMA to receive and process over 2,000,000 electronic judicial orders annually.
• Reports show that the system contributed to a 100% reduction in paper-based transactions received by CMA relating to judicial orders, and a 99.5% reduction in documents issued by CMA.
• In addition to the rapid enforcement of judicial orders, Nafith improved the confidentiality and accuracy of data. Bank checks were eliminated and replaced by wire transfers to the IBAN of the execution department.