The Royal Decree No (M/18) dated 08/03/1428 approved the e-transactions law. The law aims to control transactions, organizes e-signatures and provides legal framework for e-transactions.
The law allows any party wishing to engage in e-transactions to lay its conditions in order to accept e-transactions and e-signatures provided that these conditions comply with the provisions of the law. Moreover, the law shall give the e-transactions, records, and e-signatures, the legal authority that protects them from being rendered invalid, in-executable, or their implementation obstructed on the pretext of being completed electronically in part or in whole, this shall be done in accordance with the articles of this law.
The law also allows for the acceptance of contracts concluded electronically, and deems such acceptance legal and valid for implementation so long as they done in accordance with the law.
In view of the above, the approval of the new law constitutes a major shift in the legal structure of e-transactions, organization and control of e-transactions and e-signatures in general and legalizes it. Under the law, after satisfaction of all legal requirements and specifications, the electronic document will be treated as equal to a paper document in terms of legal consequences, evidence, and other things the situation requires until such transactions are accepted as a new system on transactions and become reliable. The e-transaction law includes all e-transactions.
To see the document (Click here)
In accordance with article 30 of the e-government law the Ministry of Communications and Information Technology issued an executive circular for e-transactions under the Council of Ministers Decision No 2 dated 10/3/1429 (Click here to see the circular)
Go Back To Regulations Page