Nafith is automated system connects The Capital Market Authority (CMA) and the Ministry of Justice to enable execution judges to carry out judicial orders through an electronic path connecting the Ministry of Justice with CMA.

  1.   Nafith solution enables execution judges to carry out judicial orders relating to disclosure, seizure, lifting seizures and executing on securities and funds automatically to accelerate the pace of executing rulings without any delay.
  2.   The process of executing judicial orders, before applying Nafith system, was 20 to 25 business days, while now, using Nafith, the execution of judicial orders is done within 3 to 5 working days.
  3.   The electronic link between CMA and the execution circles at the Ministry of Justice as well as the authorized persons and the Saudi stock exchange (Tadawul). CMA received more than 200,000 e-judicial orders since the launch of the system Jan 2016 until the end of Dec 2017.
  4.   Reports show that the system contributed in reducing the paperwork received by CMA relating to judicial orders by 85%. It has also reduced paperwork issued by CMA relating to judicial orders by 90%.
  5.   ›In addition to rapidly enforcing judicial orders, project Nafith contributed to the increase of level of confidentiality of data and improved the accuracy of data. Bank checks are now disposed of and replaced by wire transfers to the IBAN of the execution circle.