Book traversal links for Article 3
Article 3
No: 1229 | Date(g): 20/2/2013 | Date(h): 10/4/1434 |
Effective from May 17 2013 - May 16 2013
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A real estate finance entity shall not engage in any activity not licensed by SAMA, including real estate investment, marketing, development and valuation. It may own dwellings for the purpose of financing borrowers, provided that the ownership is a condition for the validity of real estate finance contract and does not create non-finance earnings.