I have a new contracting company that hasn't completed a year to provide financial statements. What is the procedure to obtain classification?
"New (startup) establishments can obtain classification through the Instant Accreditation service, provided they achieve a technical standards score of 19 or higher.
What information is required to request contractor classification?
"The following must be available:
A valid commercial registration that includes classified activities.
Financial statements deposited in the “Qawaem” program.
Certificate of compliance with technical standards from the entity providing the technical grade based on the classification field."
A valid commercial registration that includes classified activities.
Financial statements deposited in the “Qawaem” program.
Certificate of compliance with technical standards from the entity providing the technical grade based on the classification field."
What information is required to request classification for engineering consultancy offices?
"The following must be available:
A valid commercial registration that includes classified activities for engineering offices.
Engineering office license for companies and engineering consultancy offices.
Financial statements deposited in the “Qawaem” program.
Certificate of compliance with technical standards from the Saudi Council of Engineers."
A valid commercial registration that includes classified activities for engineering offices.
Engineering office license for companies and engineering consultancy offices.
Financial statements deposited in the “Qawaem” program.
Certificate of compliance with technical standards from the Saudi Council of Engineers."
What are the fields and activities included in the classification of the engineering consultancy offices sector?
"All engineering consultancy activities licensed by the Saudi Council of Engineers.
What is the Classification Service?
It is a service provided by the Ministry of Municipal and Rural Affairs and Housing that aims to support and qualify private sector entities and enhance their capabilities. This is done by meeting a minimum set of financial, technical, administrative, and operational standards to ensure the entity’s ability to deliver services in cities across the Kingdom by obtaining a Classification Certificate.
How is the classification certificate updated?
The user submits an update request through the “Update Classification Certificate” service or via the “My Requests” service, based on the beneficiary's needs:
1. Update Certificate Information: Allows updating the establishment name and owner name on the certificate.
2. Update Contact Information: Allows updating personal or establishment contact details.
3. Update Activities: Allows updating the activities reflected on the classification certificate (activities are retrieved based on the contractor's classified field).
A new certificate is issued with the same certificate number and expiry date in case of type 1 updates.
1. Update Certificate Information: Allows updating the establishment name and owner name on the certificate.
2. Update Contact Information: Allows updating personal or establishment contact details.
3. Update Activities: Allows updating the activities reflected on the classification certificate (activities are retrieved based on the contractor's classified field).
A new certificate is issued with the same certificate number and expiry date in case of type 1 updates.
How is the classification certificate renewed?
The user submits a classification certificate renewal request through the “Renew Classification Certificate” service. The system processes the request and issues a new certificate if the requirements are met.
- Renewal is allowed once within the last 90 days before the certificate expires.
- The old certificate is replaced with a new one using the same certificate number but with a new expiry date (a new validity period begins upon acceptance of the renewal).
- A new financial and technical evaluation is required.
- Renewal is allowed once within the last 90 days before the certificate expires.
- The old certificate is replaced with a new one using the same certificate number but with a new expiry date (a new validity period begins upon acceptance of the renewal).
- A new financial and technical evaluation is required.
Should the financial statements be audited and certified by a specific entity?
Yes, either:
Audited and uploaded by a certified accounting firm via Qawaem,
Or issued through the SIMAH path.
Audited and uploaded by a certified accounting firm via Qawaem,
Or issued through the SIMAH path.
Are "No Default Certificates" available for the last five years (or shorter if applicable) that prove compliance with financing agreements? (Question appearing in the Credit Request screen – Profits and Debts tab)
No, a bank statement confirming the establishment's commitment to repaying financing agreements must be provided.
Does "financing" refer to off-balance sheet financing? (Question appearing in the Credit Request screen – Profits and Debts tab)
Yes, it refers to off-balance sheet financing.
