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Article 19

No: 1229 Date(g): 20/2/2013 | Date(h): 10/4/1434 Status: In-Force
1.To achieve its objectives, the Real Estate Refinance Company may:
 
 a.Acquire, hold and manage any kind of finance obligations or rights related to financed residential real estate;
 
 b.Issue securities in accordance with the provisions of the Capital Market Law upon obtaining a no objection letter from SAMA;
 
 c.Carry out, upon SAMA's approval, any other transactions that serve, complement or support the transactions mandated by its law.
 
2.The Real Estate Refinance Company may impose charges for its services to cover its costs and expenses and make fair profits in a way that ensures its financial independence. SAMA shall monitor the pricing of the services offered by the Real Estate Refinance Company and may restrict said pricing.