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The Demand Promissory Note is a fundamental financial instrument in Saudi Arabian commercial transactions, used to document and formalize payment obligations. It serves as a powerful tool for businesses and individuals seeking to secure payment commitments while ensuring compliance with Islamic Shariah principles and local regulations. The document must be structured according to the Saudi Commercial Papers Regulation and typically includes the maker's unconditional promise to pay, specific payment amount, beneficiary details, and necessary authentication elements. Demand Promissory Notes are commonly used in various business contexts, from securing commercial loans to facilitating trade transactions, and can be enforced through Saudi courts when necessary. The document's preparation requires careful attention to both legal form and Shariah compliance to ensure its validity and enforceability.

1. Place and Date of Issuance: Specific location and date where the promissory note is issued, which is required under Saudi law

2. Unconditional Promise to Pay: Clear statement of unconditional promise to pay a specified sum, written in both numbers and words

3. Maker Information: Full legal name, address, and identification details of the person/entity making the promise to pay

4. Beneficiary Information: Full legal name and details of the person/entity to whom or to whose order the payment is to be made

5. Payment Terms: Statement that the note is payable on demand, with specification of the currency and payment location

6. Maker's Signature: Space for authorized signature(s) of the maker, with appropriate authentication requirements