Article Two
| No: 1/MSHT | Date(g): 24/2/2013 | Date(h): 14/4/1434 |
Effective from Apr 19 2013 - Apr 18 2013
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In compliance with Article 2 of the Law, the Finance Companies Control Law, and other applicable laws, the finance lease activity shall be a professional activity upon fulfilment of the following:
| 1. | Acquiring of Leased Asset by the Lessor shall be for the purpose of leasing it to others under a finance lease. | |
| 2. | The aggregate amount of credit granted annually exceeds the amount determined by SAMA. | |