The Rules Governing Real Estate Refinance Companies

Release Date:	1443-09-25
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	43083271
Validity:	Valid
Summary:	By AI The Saudi Central Bank issued regulations for the organization of real estate refinancing companies based on the Real Estate Finance Law and the Law on the Supervision of Finance Companies. The regulations include definitions and general provisions, capital adequacy, corporate governance, activity regulation, risk management, and compliance. Companies are subject to the supervision of the Saudi Central Bank and must direct their services to real estate financiers, with the necessity of obtaining...

Release Date:

1443-09-25

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

43083271

Validity:

Valid

Summary:

By AI

The Saudi Central Bank issued regulations for the organization of real estate refinancing companies based on the Real Estate Finance Law and the Law on the Supervision of Finance Companies. The regulations include definitions and general provisions, capital adequacy, corporate governance, activity regulation, risk management, and compliance. Companies are subject to the supervision of the Saudi Central Bank and must direct their services to real estate financiers, with the necessity of obtaining...