Legal notice
Legal Notice
Bait Al Sabaik Company
Limited Liability Company (Single Person)
Last Updated: May 2026
This Legal Notice governs the use of the Bait Al Sabaik website (www.baitalsabaik.com) and provides essential legal information about our company, services, and the regulatory framework under which we operate.
1. Company Information
| Legal Name | Bait Al Sabaik Company (شركة بيت السبائك) |
| Legal Form | Limited Liability Company (Single Person) |
| Commercial Registration | 7054368605 |
| Date of Registration | 14/05/2026 |
| Registered Office | Jeddah, Kingdom of Saudi Arabia |
| Issuing Authority | Ministry of Commerce, Kingdom of Saudi Arabia |
2. Business Activities
In accordance with our Commercial Registration, our authorized business activities include:
- Manufacturing of basic precious and non-ferrous metals
- Treatment and coating of metals by machinery
- Wholesale and retail trade of household goods
- Repair of motor vehicles and motorcycles
All activities are conducted in accordance with applicable Saudi laws and regulations, including any required licenses from competent authorities.
3. Regulatory Compliance
Bait Al Sabaik Company operates in compliance with:
⚖️ Saudi Laws
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🏛️ Regulatory Bodies
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4. Product Authenticity & Standards
4.1. Compliance Standards
All gold products comply with:
- International purity standards (999.9 for fine gold)
- Saudi Standards Organization (SASO) hallmarking requirements
- Refinery certification from internationally recognized institutions
4.2. Source of Products
We do not manufacture or alter gold bars internally. All gold bars are sourced directly from certified refineries:
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🇨🇭 PAMP Suisse |
🇨🇭 Argor-Heraeus |
🇨🇭 Valcambi |
🇦🇪 Emirates Gold |
4.3. Documentation
Each product is accompanied by:
- Certificate of authenticity from the source refinery
- Detailed product specifications
- Sales invoice for all transactions
5. Shariah Compliance Statement
✓ Our Commitment
Bait Al Sabaik Company is committed to conducting its gold trading business in accordance with Islamic Shariah principles:
- The principle of Taqabud (hand-to-hand exchange) is fulfilled through authorized shipping companies acting as the customer's agent
- All payments must be received in full before goods are shipped
- Cash on Delivery is not accepted for gold products
- Interest-based financing is not used in our business operations
While we strive to ensure full Shariah compliance, we are not a Shariah-certified financial institution. Customers are encouraged to consult qualified Islamic scholars for personal Shariah-related decisions.
6. Pricing & Market Volatility
⚠️ Market Risk Acknowledgment
Customers acknowledge that:
- Gold is a volatile commodity subject to market fluctuations
- Prices can change significantly within short periods
- The price displayed at order placement is subject to verification at payment receipt
- Bait Al Sabaik does not guarantee price stability between order and payment
We do not provide investment advice. Customers should conduct their own research before purchasing precious metals as an investment.
Gold prices on our website are derived from real-time international gold market rates (LBMA, COMEX, and other recognized indices).
7. Limitation of Liability
7.1. Bait Al Sabaik Shall NOT Be Liable For:
- Indirect, incidental, or consequential damages
- Loss of profits or investment value
- Market fluctuations affecting the value of purchased gold
- Force majeure events (natural disasters, government actions, civil unrest)
- Third-party actions (shipping companies, banks, payment processors)
7.2. Total Liability: Our total liability for any claim shall not exceed the value of the specific product giving rise to the claim.
8. Intellectual Property Rights
All content on this website is the exclusive property of Bait Al Sabaik Company or used under license:
- Text, graphics, logos, images, and design
- Trade name "Bait Al Sabaik" and any associated marks
- Website code and structure
- Product descriptions and photography
⚠️ Unauthorized reproduction, distribution, or use is strictly prohibited and may result in legal action under Saudi intellectual property laws.
9. Anti-Money Laundering (AML)
Compliance with Saudi AML Law (Royal Decree No. M/20)
- We may request additional identification for high-value transactions
- Suspicious transactions will be reported to relevant authorities
- We reserve the right to refuse transactions that appear inconsistent with normal customer behavior
Customer Identification: Saudi ID or Iqama is required for all transactions. Additional documentation may be required for orders above SAR 50,000.
10. Tax Information
📋 Current Status
- Bait Al Sabaik Company is currently NOT registered for Value Added Tax (VAT) under ZATCA regulations
- Prices displayed on the website are final and do not include VAT
- Standard sales invoices are provided for all transactions
- We will register for VAT when our annual revenue approaches the mandatory threshold of SAR 375,000
11. Dispute Resolution
Governing Law: Laws of the Kingdom of Saudi Arabia
Resolution Process:
- Disputes first resolved through good-faith negotiations
- If unresolved, referred to Saudi Center for Commercial Arbitration
- Or competent Saudi courts in Jeddah
Customer Complaint Channels:
- Ministry of Commerce - Consumer Protection
- Saudi Authority for Intellectual Property (for IP matters)
12. Reporting Violations & Concerns
If you believe any content on our website violates laws or your rights, or if you have concerns about our practices, please contact:
📧 Email: info@baitalsabaik.com
📱 WhatsApp: +966 57 377 6070
We aim to address all legitimate concerns within 7 business days.
13. Privacy & Data Protection
For information about how we collect, use, and protect your personal data, please refer to our Privacy Policy. We comply with the Saudi Personal Data Protection Law (PDPL).
14. Modifications to This Notice
Bait Al Sabaik Company reserves the right to modify this Legal Notice at any time.
Material changes will be communicated via:
- Website notification
- Email to registered customers (when applicable)
Continued use of the website after modifications constitutes acceptance of the updated Legal Notice.
15. Severability
If any provision of this Legal Notice is found to be unenforceable, the remaining provisions shall continue in full force and effect.
16. Contact Information
For All Legal Inquiries and Official Communications
| Company: | Bait Al Sabaik Company |
| Commercial Registration: | 7054368605 |
| Address: | Jeddah, Kingdom of Saudi Arabia |
| 📧 Email: | info@baitalsabaik.com |
| 📱 Mobile/WhatsApp: | +966 57 377 6070 |
| 🕐 Business Hours: | Saturday-Thursday: 9:00 AM - 9:00 PM Friday: Closed |
© 2026 Bait Al Sabaik Company. All Rights Reserved.
Commercial Registration: 7054368605
Kingdom of Saudi Arabia