Based on the powers granted to His Excellency the Minister of Finance under the Real Estate Finance Law issued by Royal Decree No. (M/50) dated 13/8/1433 H, and the powers granted to His Excellency the Governor of the Saudi Central Bank under the Finance Companies Control Law issued by Royal Decree No. (M/51) dated 13/8/1433 H,

We inform you of the issuance of His Excellency the Minister of Finance's Decision No. (1144) dated 2/6/1443 H, which includes the removal of Article (4) from the Executive Regulations of the Real Estate Finance Law.

We also inform you of the issuance of His Excellency the Governor's Decision No. 113/M Sh T dated 10/8/1443 H, which amends Article (16) of the Executive Regulations of the Finance Companies Control Law to read as follows: "The Central Bank determines in the license the financing activity or activities the financing company is authorized to practice, and may impose special conditions on the license specifying the geographic area in which the financing company is authorized to operate, the beneficiaries it is authorized to deal with, or other conditions."