Our Terms & Conditions
These Terms and Conditions (“Terms”) have been designed to provide clear guidance and legally binding terms in respect of services provided to you by Awn Financing, a company duly incorporated under the laws of the Kingdom of Saudi Arabia trading using the brand name “Awn”) (hereinafter referred to as “we”, “us”, “the Company” or “Awn”). These Terms govern your use of Awn’s mobile application (“Awn App”) for micro-financing services, the Awn Website (“the Awn Site”) and your relationship with the Company as well as any other services that are made available to you using the Awn App from time to time (the “Services”). This document is available both in Arabic and English.
These Terms are being presented to you for your review and acceptance before you grant your consent for the completion of the on-boarding and registration process (hereinafter referred to as “Registration”) by the Company. Registration is a pre-requisite for the use of the Awn App, Awn Site and Services. Registration requires the Company to undertake “Know Your Customer” checks (hereinafter referred to as “KYC”) in order to verify you as an authorized user of the Services and will only be undertaken once you have indicated your acceptance of the Terms.
These Terms are being presented to you for your review and acceptance before you grant your consent for the completion of the on-boarding and registration process (hereinafter referred to as “Registration”) by the Company. Registration is a pre-requisite for the use of the Awn App, Awn Site and Services. Registration requires the Company to undertake “Know Your Customer” checks (hereinafter referred to as “KYC”) in order to verify you as an authorized user of the Services and will only be undertaken once you have indicated your acceptance of the Terms.
Definitions
The following words and phrases shall provide the following meanings as follows:
“Account” means the electronic money account the Customer opens with the Awn App for the use of the Service.
“APP” means the Awn App.
“Application” means the registration form which the Customer must complete to establish a Awn Account Service.
“SIMAH” means the Saudi Central Bank.
“SIMAH” means the Saudi Credit Bureau.
“GOSI” means the General Organization for Social Insurance.
“Charges” means the service charges imposed by AWN on different services offered on the Awn App.
“Credit” is the E-Cash available in the Customer creditor account.
“Credit Account” means the account opened in the Partner Bank to regulate and keep all payments on behalf of the Customers.
“Customer” refers to any person, 18-years or older, who has registered for Awn App services and has accepted its terms and conditions as reflected in this document.
“Awn App Customer Care Center” means the centralised customer care number which Customers may access 24 hours a day to report any technical problems experienced through the use of the Awn App Service, and which allows Naboot Micro-Lending Company to respond to such problems or address any other Customers inquiries.
“Distributor/Agent” is the individual assigned by Naboot Micro-Lending Company to provide services related to Awn App.