1. | The Company shall obtain a no-objection letter from SAMA before trading the programs and products relating to real estate finance contractual rights in the secondary market. |
2. | The Company shall, before trading real estate finance contractual rights in the secondary market, prepare a report that provides a comprehensive plan in this regard. The report must be submitted to SAMA and include at least the following: |
| a. | Procedures for finance collection and sukuk structuring, and credit improvement methodologies. |
| b. | Feasibility study for the program, including its potential impact on the balance sheet of the Company, financiers, housing sector, housing finance markets and capital markets. |
3. | The Company shall comply with the relevant laws and regulations. |
4. | The Company shall fulfil any additional requirements SAMA may impose. |
5. | SAMA has the right to restrict or prevent trading of real estate finance contractual rights in the secondary market. |