Article 2: General Provisions

No: 43083271

Date(g): 26/4/2022 | Date(h): 25/9/1443

Status: In-Force

1.	The Company shall be subject to the supervision and control of SAMA in accordance with the Real Estate Finance Law and its Implementing Regulations, the Finance Companies Control Law and its Implementing Regulations, and SAMA’s instructions.
2.	The Rules shall apply to companies licensed by SAMA to engage in real estate refinance activity.
3.	The Company shall direct its services and products to real estate financiers. The company may, after obtaining a no-objection letter from SAMA, grant finance or purchase finance or acquire finance rights of non-real estate financiers.