| Release Date: | 1442-05-23 |
|---|---|
| Release Tool: | Royal Decree |
| Issuance Instrument Number: | m/47 |
| Validity: | Valid |
| Summary: | By AI King Salman bin Abdulaziz Al Saud issued a royal decree approving the Law of the Real Estate Development Fund, which aims to enhance real estate development and enable citizens to own housing. The law includes basic definitions and grants the fund a public legal personality and financial and administrative independence, with its headquarters located in Riyadh and the possibility of establishing branches. The law regulates loans for real estate developers and specifies investment mechanisms and p... |