Real Estate Finance Law

Release Date:	1433-08-13
Release Tool:	Royal Decree
Issuance Instrument Number:	m/50
Validity:	Valid
Date of last amendment:	1442-04-11
Summary:	By AI The Council of Ministers issued Decision No. (258) dated 12/8/1433 AH approving the Real Estate Financing Law, emphasizing the necessity for companies to comply with the provisions specified in the law. The decision grants the Higher Economic Council the authority to extend the transitional period for two years based on technical studies, and assigns the Ministry of Finance to prepare public policies for real estate financing in cooperation with the Ministry of Housing. The law issued by King Ab...

Release Date:

1433-08-13

Release Tool:

Royal Decree

Issuance Instrument Number:

m/50

Validity:

Valid

Date of last amendment:

1442-04-11

Summary:

By AI

The Council of Ministers issued Decision No. (258) dated 12/8/1433 AH approving the Real Estate Financing Law, emphasizing the necessity for companies to comply with the provisions specified in the law. The decision grants the Higher Economic Council the authority to extend the transitional period for two years based on technical studies, and assigns the Ministry of Finance to prepare public policies for real estate financing in cooperation with the Ministry of Housing. The law issued by King Ab...