As a licensed fintech company regulated by the Saudi Central Bank (SAMA), and in partnership with regulated financial institutions (such as banks and card issuers), DarbPay is required to verify and periodically review your business and personal information.
This ensures regulatory compliance, helps prevent fraud, and maintains the security of your financial transactions.

Why We Verify Your Information

Under Saudi regulations, financial institutions like DarbPay must:

• Verify the identity of key individuals in your business (KYC – Know Your Customer)

• Confirm business ownership, structure, and activity details (KYB – Know Your Business)

• Collect this information during onboarding and keep it updated

• Conduct regular reviews to ensure information remains accurate and compliant

These checks help protect your business and DarbPay from misuse, fraudulent activity, and regulatory breaches.

Know Your Business (KYB)

KYB is the process of verifying your business’s legal status, ownership, and structure.
As part of KYB, DarbPay verifies:

•  Your business’s commercial registration (CR) and legal entity type

• Tax and ZATCA registration information (if applicable)

• Business address and operational location

• Ownership structure and key shareholders

• Industry classification and business activity

• Authorized contact information

These checks are required to ensure we fully understand who we’re working with and to comply with SAMA and AML (Anti-Money Laundering) regulations.

Know Your Customer (KYC)

KYC is the process of verifying the identity of individuals who own or control your business.
For corporate accounts, DarbPay is required to verify:

• Controlling officers – such as CEOs, authorized signatories, or board members

• Beneficial owners – individual who ultimately owns or controls the company

For each individual, we may need to verify:

• Validity of government-issued ID (e.g., National ID / Iqama)  

•  National Adrees address in Saudi Arabia

• Contact details (mobile & email)
  

• Authentication through Nafath

Required Information and Documents

1. Company Unified Number Starting with 70
   

2. Authorized Person Email Address 

1. Authorized Person Phone Number
   

2. Copy Of Company Article Of Association
   

3. Copy Of Company ByLaws 
   

KYB requires a valid Commercial Registration (CR).

Periodic Reviews

As part of our regulatory obligations, DarbPay conducts regular reviews of client information.
These reviews help us detect changes in ownership, structure, or key personnel and ensure your data remains compliant with SAMA rules.

During a review, you may be asked to:

• Confirm your business information on file

• Verify ownership structure and beneficial owners

• Update any outdated details directly in the platform

• Provide supporting documents if required

Keeping your information accurate helps avoid service interruptions, compliance issues, or transaction delays.

Need Help?

If you have any questions about KYC/KYB verification or periodic reviews, our team is here to support you: