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The Acknowledgement Receipt Of Property is a crucial document used in Saudi Arabia to formally document the transfer of property between parties. It serves as legal evidence of property handover and is essential for maintaining accurate records of asset transfers in compliance with Saudi Arabian law and Sharia principles. This document is commonly used in various situations including equipment delivery, asset transfers between departments or organizations, and temporary custody arrangements. It typically includes detailed information about the transferred property, involved parties, transfer conditions, and relevant dates. The document helps prevent disputes by clearly establishing the occurrence of transfer and the condition of property at the time of handover. It's particularly important in Saudi Arabia where property transactions must adhere to specific legal requirements and Islamic law principles, making it a vital tool for both business operations and legal compliance.

1. Header Information: Date, reference number, and document title in both Arabic and English

2. Parties: Full identification of the person delivering the property (transferor) and the person receiving it (transferee), including their official IDs/registration numbers

3. Property Details: Clear and specific description of the property being transferred, including any identifying numbers or characteristics

4. Acknowledgement Statement: Formal statement confirming receipt of the property in good condition and acceptable state

5. Date and Location of Transfer: Specific details about when and where the property was transferred

6. Signatures: Space for signatures of both parties and witnesses if required