Owners' Association of Joint Properties
جمعية ملاك العقارات المشتركة
Compliance Risk Score
80/100- Verified against GASTAT/Official source
- Updated for 2026 classification
- Complete hierarchy structure
- Nitaqat localization rules mapped
- GOSI registration status verified
📌 Description
SSIC 941212: Owners' Association of Joint Properties. Supervised by Real Estate General Authority. Used for company registration, Nitaqat, and licensing...
📖 Description
An entity established by the owners or their representatives in a shared property for the purpose of managing all the affairs of that property, in accordance with the provisions of the Law and Articles of Association
Supervisory entity: Real Estate General Authority
Licensing entity: Real Estate General Authority
Occupations Related to this Activity
Related Codes
When to use this code
Ministry of Commerce — Commercial Registration
Saudization quotas by sector via Qiwa
Permits from supervisory authorities
National reporting — GASTAT
FAQ
What is SSIC code 941212?
SSIC code 941212 corresponds to 'Owners' Association of Joint Properties' in the Saudi Standard Industrial Classification (SSIC), based on ISIC Rev.4 and maintained by GASTAT. It is a activity-level code used in business registration and government filings in Saudi Arabia.
When should I use SSIC 941212?
Use SSIC code 941212 when your main business activity is 'Owners' Association of Joint Properties'. You will need it for: company registration at the Ministry of Commerce, Nitaqat Saudization compliance, GOSI registration, and statistical reporting.
What Saudization rate applies to SSIC 941212?
Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 941212. Rates were updated in 2025-2026 for most sectors.
Data source: General Authority for Statistics (GASTAT) — SSIC/SSCO 2026 Edition.
This data is cross-checked with Qiwa, HRSD, and ZATCA portals to ensure accuracy for business compliance.