الشروط والأحكام
Dnaneer is a platform owned by Dnaneer Financing Company, a Saudi Arabian company licensed by the Central Bank of Saudi Arabia and holds Commercial Registration No. 1010621840. number 1010621840, Dnaneer’s (Riyadh - King Salman neighbourhood - King Abdulaziz Street - Building No. 7193).
These terms and conditions apply to users and beneficiaries of Dnaneer Financing Company's services and products.
Before using the Dnaneer's Website, make sure to read the terms and conditions carefully.
These terms and conditions explain the details of the products and services provided by Dnaneer’s platform and define the obligations and rights between Dnaneer and website users.
It is prohibited to use the platform if you have not read and understood all the materials of the terms and conditions.
Your use of this site means that you acknowledge and agree to these terms and conditions, that you have understood and accepted them, and that you will comply with what is stated thoroughly.
If you do not agree to these terms and conditions or do not comply with them, you are prohibited from using the site.
• The Platform is a website application that connects companies with investors.
• The Platform is owned and operated by Dnaneer Financing Company, a Saudi Arabian company.
• The Platform provides a variety of services to companies, including financing, marketing, and business development.
• The Platform also provides a platform for investors to invest in companies.
• The Platform is governed by the laws and regulations of the Kingdom of Saudi Arabia.
• Any disputes arising out of the use of the Platform will be resolved in accordance with the laws of the Kingdom of Saudi Arabia.
• The Platform and all of its content are protected by intellectual property laws.
• Users of the Platform are prohibited from copying, distributing, or modifying any content on the Platform without the express permission of Dnaneer Financing Company.
• Companies that use the Platform may be charged fees for certain services.
• The fees for these services will be specified in the applicable agreement between the company and Dnaneer Financing Company.
• An Investment Agency Agreement is a contract between an investor and Dnaneer Financing Company.
• Under the Investment Agency Agreement, the investor appoints Dnaneer Financing Company to act as its agent in investing in companies on the Platform.
• Dnaneer Financing Company will receive a fee for its services as an investment agent.
• Investors who use the Platform will need to open an Investment Account.
• The Investment Account will be used to track the investor’s investments on the Platform.
• A User or Beneficiary is any natural or legal person who uses the Platform.
• Users of the Platform agree to comply with the Terms and Conditions of the Platform.
• Usage of the Platform means accessing, using, or benefiting from any service or feature offered by the Platform.
• Users of the Platform agree to use the Platform in a lawful and reasonable manner.
• A Default occurs when a User fails to meet any of the terms of the Terms and Conditions of the Platform.
• If a User defaults, Dnaneer Financing Company may take any action it deems necessary to protect its interests, including terminating the User’s access to the Platform.
• Dnaneer Financing Company may establish policies governing the use of the Platform.
• Users of the Platform agree to comply with all applicable policies.
• Users of the Platform may be required to obtain certain licenses or permits in order to use the Platform.
• Users of the Platform agree to obtain all necessary licenses or permits.
• The Platform may contain content that is owned by Dnaneer Financing Company or by third parties.
• Users of the Platform agree not to copy, distribute, or modify any content on the Platform without the express permission of the owner of the content.
• Users of the Platform agree to use the Platform in a reasonable manner.
• This means that users of the Platform should not use the Platform in a way that disrupts the Platform or interferes with the rights of other users.
• Majeure Circumstances are events that are beyond the reasonable control of Dnaneer Financing Company.
• If Majeure Circumstances occur, Dnaneer Financing Company may suspend or terminate the Platform.
• Dnaneer Financing Company may collect data from users of the Platform.
• This data may be used to improve the Platform or to provide users with better service.
• Users of the Platform agree to the collection and use of their data by Dnaneer Financing Company.
1. You must acknowledge and undertake that you have full eligibility to access this site and possess the necessary legal and legitimate capacity.
2. You must confirm that you are not prohibited from using the services of Dnaneer Financing under the regulations of the Kingdom of Saudi Arabia.
3. Users must register as either an investor or a borrower, and Dnaneer reserves the right to reject applications that don't meet its criteria.
4. You must comply with all registration procedures stipulated on the site to become eligible as an investor or a funding applicant entity and create a username and password to access the site.
5. Users must provide accurate information during registration, and Dnaneer may request additional documents for verification.
6. While registering to become an investor or facility requesting financing, you must provide detailed information about yourself or the company you represent, and the Dnaneer’s platform has the right to ask you to provide additional documents to fulfill the registration requirements for investment or financing requests. Sometimes and when needed, your identity may be verified using government authentication services such as “Yaqeen or Wathiq” provided by “Thiqa”. You must also commit to correcting your data immediately if it changes or is entered incompletely or incorrectly.
7. You acknowledge that the Dnaneer’s platform is merely an electronic intermediary between investors and establishments requesting financing, and does not bear any responsibility for the decisions taken by establishments requesting financing regarding projects financed through the platform.
As an investor, you bear full responsibility for the decisions you make regarding your investments and returns, and you also bear the risks associated with those investments.
8. You agree not to challenge the validity, enforceability, or legality of any provision of the terms and conditions set forth in this document and agree to contract accordingly.
9. These terms are subject to the laws and regulations enforced in the Kingdom of Saudi Arabia.
10. To register as a user on the Dnaneer platform for financing, you must meet the following conditions:
• Be a natural person
• Be at least 18 years old according to the Gregorian calendar
• Possess a national ID, residence permit, or passport.
In the case of investing in debt-based crowdfunding, Dnaneer becomes a Contracting party in its own right as an agent. It will represent investors and manage their funds in accordance with the investment terms they have agreed to. The process of appointing Dnaneer to carry out the necessary tasks for managing the investment in its capacity as an agent
For the investors it will be formalized through an investment agency agreement between the investor as the principal and Dnaneer as the agent. This agreement will specify the rights and obligations of each party and the terms of the investment. The agreement may include provisions authorizing Dnaneer to perform certain tasks and services under separate agreements, such as a guarantee agreement and agreements with third parties. These provisions will be clearly defined in the agreement between the investor and Dnaneer.
Intellectual property rights are the rights granted to the creator of an original work, including the rights to publish , distribute, perform, display, or create derivative works. In this context, the owners of the intellectual property rights to the content on the Dnaneer’s platform, including designs, graphics, text, service content, and other documents, dnanner retains all rights. Users are not permitted to use, publish, or sell this content in any form, in whole or in part. Users are granted a limited, non-exclusive license for personal use only, and they may not modify, republish, or use this content for any commercial or unauthorized purpose. Dnaneer reserves the right to revoke any license at any time without prior notice.
Dnaneer Finance Company requires users to adhere to the laws and specific terms of use outlined in this agreement. Any unauthorized use of the platform and its services constitutes a violation of intellectual property and copyright rights, and the user will be held legally responsible for any damages caused to the platform, the company, or any other party.
Furthermore, users must not use the platform for any purpose that conflicts with its objectives or harms the company's reputation. They must comply with the laws and regulations in force in the Kingdom of Saudi Arabia.
Users must fully understand the risks associated with crowdfunding investments. They acknowledge that this type of investment carries high risks and there is a possibility of losing the entire investment amount without receiving any returns. Users cannot claim any compensation from Dnaneer Finance Company in the event of any losses.
The platform's continuous operation cannot be guaranteed due to the inherent nature of the internet. Technical errors or service interruptions may occur. Users should exercise caution when using the platform and verify the accuracy of information before relying on it.
Dnaneer is not liable for any direct or indirect losses resulting from service interruptions or outages, whether partial or complete.
Dnaneer cannot provide any guarantees regarding the financing applicant's (establishment) ability to repay the loan.The Users bear full responsibility for making informed decisions before investing in opportunities available on the platform.
The company or entity seeking financing must have a commercial registration from the Ministry of Commerce Entities that are not subject to the Companies Law, such as investment funds and special purpose entities, will not be accepted.
The applying company must comply with the provisions of the Companies Law.
The company must acknowledge all procedures and steps taken by Dnaneer or third parties assigned by Dnaneer to perform certain services to verify its eligibility.
Acknowledgement that the company/entity seeking funding is capable of repayment by the maturity date, and that the cash flows of the company/entity seeking funding may fluctuate and are highly risky.
The financier bears all responsibility for their investment in the company/entity seeking funding, and Dnaneer's role as an agent is limited to the tasks and duties specified in the Investment Agency Agreement.
The Investment Agency Agreement becomes effective once the 'Invest,' 'Subscribe,' 'Next,' or 'Log In' button is clicked, whichever comes first. Acknowledgement of the terms and conditions and articles of the Investment Agency Agreement.
The investment relationship between the financier and the company/entity seeking funding is defined by the Investment Agency Agreement, which does not constitute a partnership agreement, a promise of future partnership, or ownership.
The financier understands that they must deposit funds into their investment account to enable investment in companies or entities seeking financing, and the financier undertakes that the invested amount will be withdrawn from their personal account without authorizing or deputizing any other person.
The financier or individual investor with limited financial capability (participant) acknowledges that their contribution shall not exceed 25% of the required funding amount and shall not exceed 50,000 SAR per investment opportunity, with a maximum of 200,000 SAR annually across all investment opportunities offered through the platform.
The applicant for financing is responsible for paying administrative fees for the services provided by Dnaneer. This includes necessary operations such as investigation, verification, and auditing of the information provided before the crowdfunding process. It also includes analyzing and evaluating the financial situation of the entity seeking financing and its repayment ability, in addition to any other fees that may be necessary to achieve due diligence.
Dnaneer has the right to change its fees or impose additional fees at any time, and users will be notified accordingly. The value of the fees is determined based on the value of the transactions, including all applicable fees such as taxes and others. All electronic funds and payments collected or paid through the service will be denominated in Saudi Riyals.
Dnaneer is not liable for any loss resulting from the use of the website or the content therein, including direct or indirect or special, or consequential losses.
It is also not responsible for any loss related to business, income, profits, savings, missed contracts, business relationships, reputation, data.
Dnaneer is responsible for refunding amounts collected from participants if the required funding amount is not reached within the offering period. It has no further responsibility towards participants in this case.
Dnaneer is responsible for notifying customers in the event of any error in the financing process and for correcting the error.
If you have any inquiries about the services provided by Dnaneer, you can contact the support team via email at Hello@dnaneer.com.
• Companies Law
• Companies Law issued by Royal Decree No. (M/3) dated 28/01/1437 H, and any modification thereto.
• Issued by Ministerial Decision No. (200) dated 1441 H.
• Issued by Royal Decree No. (M/17) in 1428 H.
• Issued by Royal Decree No. (M/20) in 1439 H.
• Issued by Royal Decree No. (M/21) dated 12/02/1439 H.
• Issued by Council of Ministers Resolution No. (228) dated 02/05/1440 H.
• Issued by Royal Decree No. (M/86) dated 1439 H.
• Issued by Ministerial Decision No. (43902) dated 1439 H.
• Issued by the Governor's Decision No. 2/Mashat dated 14/4/1434 H corresponding to 24/2/2013 G.
