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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

  • Saudi Companies Law (Royal Decree No. M/132 dated 1/12/1443H)
  • Ministry of Commerce regulations
  • Saudi E-Commerce Law
  • Personal Data Protection Law (PDPL)

🏛️ Regulatory Bodies

  • Saudi Standards Organization (SASO)
  • Zakat, Tax and Customs Authority (ZATCA)
  • Saudi Central Bank (SAMA)
  • Anti-Money Laundering authorities

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:

🇨🇭 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:

  1. Disputes first resolved through good-faith negotiations
  2. If unresolved, referred to Saudi Center for Commercial Arbitration
  3. 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

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