Implementing Regulation of the Real Estate Finance Law

Release Date:	1433-04-10
Release Tool:	Ministerial decision
Issuance Instrument Number:	1229
Validity:	Valid
Date of last amendment:	1443-06-02
Summary:	By AI Ministerial Decision No. 1229 issued by the Minister of Finance approves the Implementing Regulation for the Real Estate Financing System, which must be issued within 90 days. The Regulation defines key terms and specifies the competencies of the Saudi Arabian Monetary Authority in regulating the sector, including licensing real estate financing companies. Real estate financiers are prohibited from engaging in any unlicensed activity, and ownership of residences must be a condition for the valid...

Release Date:

1433-04-10

Release Tool:

Ministerial decision

Issuance Instrument Number:

1229

Validity:

Valid

Date of last amendment:

1443-06-02

Summary:

By AI

Ministerial Decision No. 1229 issued by the Minister of Finance approves the Implementing Regulation for the Real Estate Financing System, which must be issued within 90 days. The Regulation defines key terms and specifies the competencies of the Saudi Arabian Monetary Authority in regulating the sector, including licensing real estate financing companies. Real estate financiers are prohibited from engaging in any unlicensed activity, and ownership of residences must be a condition for the valid...